QQQ ETF Update, 9/13/2024
How is QQQ stock faring? The Invesco QQQ ETF is up 4.3% in the past five days and has risen about 14.77% 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 $550.33 implies an upside of 16.29%.
Currently, QQQ’s five holdings with the highest upside potential are Cintas (CTAS), Micron Technology (MU), Moderna (MRNA), PDD Holdings (PDD), and Dexcom (DXCM).
Meanwhile, its five holdings with downside potential are Tesla (TSLA), Paychex (PAYX), American Electric Power (AEP), Fortinet (FTNT), and Automatic Data Processing (ADP).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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