The Invesco QQQ ETF has seen a 2.2% decrease in the past 5 days, but has shown a significant increase of about 53% over the past year. According to TipRanks, QQQ is rated as a Moderate Buy, with an average price target of $441.37, suggesting an upside potential of 11%.
Currently, QQQ’s top five holdings with the highest upside potential are Synopsys (SNPS), Warner Bros. Discovery (WBD), MongoDB (MDB), Amazon (AMZN), and Nvidia (NVDA). On the other hand, its top five holdings with the greatest downside potential are Intel (INTC), Ansys (ANSS), Amgen (AMGN), Atlassian (TEAM), and Texas Instruments (TXN).
QQQ’s ETF Smart Score of eight indicates that it is likely to outperform the market. Enhance your ETF investing with TipRanks and explore the top Equity ETFs with high upside potential based on their analysis.