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QQQ ETF Update, 9/4/2024 
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QQQ ETF Update, 9/4/2024 

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 2.64% in the past five days but has risen about 16.64% year-to-date.  

Pick the best stocks and maximize your portfolio:

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 $566.12 implies an upside of 22.59%. 

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

Meanwhile, its five holdings with downside potential are Fortinet (FTNT), Paychex (PAYX), American Electric Power (AEP), Cintas (CTAS), and Tesla (TSLA).

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  

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