How is QQQ stock faring? The Invesco QQQ ETF is down 2.68% in the past 5 days but has risen about 26.8% over the past year.
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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 $582.77 implies an upside of about 12.36%.
Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Advanced Micro Devices (AMD), Biogen (BIIB), MongoDB (MDB) and Regeneron Pharmaceuticals (REGN).
Meanwhile, its five holdings with the greatest downside potential are Apple (AAPL), Tesla Motors (TSLA), Super Micro Computer (SMCI), AppLovin (APP), and Netflix (NFLX).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
