The Invesco QQQ ETF has shown positive performance recently, with a 0.11% increase in the past 5 days and a 38.3% rise over the past year. According to TipRanks, QQQ is rated as a Moderate Buy, with an average price target of $511.98 suggesting a potential upside of 13%.
The top five holdings in QQQ with the highest upside potential are Walgreens Boots Alliance (WBA), Warner Bros. Discovery (WBD), Sirius XM Holdings (SIRI), Zscaler (ZS), and Lululemon Athletica (LULU). On the other hand, the top five holdings with the greatest downside potential are Kla Corp. (KLAC), Qualcomm (QCOM), Moderna (MRNA), Texas Instruments (TXN), and Paychex (PAYX).
With a Smart Score of eight, the QQQ ETF is expected to outperform the market. Investors looking to power up their ETF investing can explore the Top Equity ETFs with High Upside Potential recommended by TipRanks.