How is QQQ stock faring? The Invesco QQQ ETF is up 2.2% in the past five days and has risen about 26.37% year-to-date.
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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 $560.96 implies an upside of 8.53%.
Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Biogen (BIIB), Micron Technology (MU), Regeneron Pharmaceuticals (REGN), and PDD Holdings (PDD).
Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), AppLovin (APP), Old Dominion Freight Line (ODFL), Netflix (NFLX), and Trade Desk (TTD).
Revealingly, QQQ ETF has a Smart Score of seven, implying that this ETF is likely to perform in line with 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.
