QQQ ETF Update, 8/29/2024 
Market News

QQQ ETF Update, 8/29/2024 

Story Highlights

Here’s a quick look at Invesco QQQ Trust ETF’s performance.

How is QQQ stock faring? The Invesco QQQ ETF is down 1.97% in the past five days but has risen about 16.76% 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 $553.15 implies an upside of 17.35%. 

Currently, QQQ’s five holdings with the highest upside potential are PDD Holdings (PDD), Micron Technology (MU), Moderna (MRNA), Super Micro Computer (SMCI), and Dexcom (DXCM).

Meanwhile, its five holdings with downside potential are Fortinet (FTNT), Paychex (PAYX), Cintas (CTAS), Regeneron Pharmaceuticals (REGN), 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.  

Disclosure  

Related Articles
Radhika SaraogiQQQ ETF Update, 11/1/2024 
TheFlyMicron Chair Robert Switz to retire, CEO Sanjay Mehrotra to succeed
TipRanks Auto-Generated NewsdeskMicron Announces Leadership Transition for Continued Growth
Go Ad-Free with Our App