The Invesco QQQ ETF has seen a slight decrease of 0.91% in the past 5 days, but has shown a strong increase of about 39.6% over the past year. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy. The average price target of $477.96 from analysts suggests a potential upside of around 10%.
Currently, QQQ’s top five holdings with the highest upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), Charter Communications (CHTR), and Moderna (MRNA). On the other hand, the five holdings with the greatest downside potential are CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), MongoDB (MDB), Airbnb (ABNB), and Autodesk (ADSK).
QQQ’s ETF Smart Score is eight, indicating that it is expected to outperform the market. Enhance your ETF investing with TipRanks and explore the Top Equity ETFs with High Upside Potential based on their analysis.