How is QQQ stock faring? The Invesco QQQ ETF is down 2.02% in the past five days but has risen about 17.55% year-to-date.
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, QQQ is a Moderate Buy. The Street’s average price target of $552.88 implies an upside of 16.31%.
Currently, QQQ’s five holdings with the highest upside potential are PDD Holdings (PDD), Micron Technology (MU), Moderna (MRNA), Dexcom (DXCM), and Dollar Tree (DLTR).
Meanwhile, its five holdings with downside potential are Fortinet (FTNT), Paychex (PAYX), Tesla (TSLA), Cintas (CTAS), and American Electric Power (AEP).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.
