How is QQQ stock faring? The Invesco QQQ ETF is down 0.07% in the past five days but has risen about 16.64% 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 $546.73 implies an upside of 14.79%.
Currently, QQQ’s five holdings with the highest upside potential are Micron Technology (MU), PDD Holdings (PDD), Moderna (MRNA), Dollar Tree (DLTR), and Super Micro Computer (SMCI).
Meanwhile, its five holdings with downside potential are Fortinet (FTNT), Paychex (PAYX), Cintas (CTAS), Tesla (TSLA), and American Electric Power (AEP).
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.
