The Invesco QQQ ETF has shown positive performance recently, with a 0.67% increase in the past 5 days and a 36.2% rise over the past year. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy. The Street’s average price target of $500.18 suggests a potential upside of 12.9%.
Currently, QQQ’s top five holdings with the highest upside potential are Zscaler (ZS), Warner Bros. Discovery (WBD), Illumina (ILMN), Lululemon Athletica (LULU), and Autodesk (ADSK). On the other hand, its four holdings with the greatest downside potential are Texas Instruments (TXN), Paychex (PAYX), American Electric Power (AEP), and Constellation Energy (CEG).
The QQQ ETF’s Smart Score of eight indicates a likelihood of outperforming the market. Investors looking to enhance their ETF investing can explore the Top Equity ETFs with High Upside Potential recommended by TipRanks.
In conclusion, the Invesco QQQ ETF has shown positive growth and is expected to continue performing well based on its holdings and analyst ratings.