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QQQ ETF Update, 2/21/2024  – TipRanks.com

The Invesco QQQ ETF has seen a 1.68% decrease in the past 5 days, but has shown a significant increase of about 46.3% over the past year. According to TipRanks’ ETF analyst consensus, QQQ is considered a Moderate Buy with an average price target of $480.09, suggesting a potential upside of 12%.

The top five holdings in QQQ with the highest upside potential are Biogen (BIIB), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), AstraZeneca (AZN), and Moderna (MRNA). On the other hand, the five holdings with the greatest downside potential are CrowdStrike Holdings (CRWD), Lam Research (LRCX), Constellation Energy (CEG), Airbnb (ABNB), and Broadcom (AVGO).

QQQ’s ETF Smart Score is eight, indicating that it is likely to outperform the market. If you’re interested in ETF investing, consider exploring the Top Equity ETFs with High Upside Potential recommended by TipRanks.

Disclosure: Keep up-to-date with the latest information on QQQ and other ETFs by using TipRanks’ analysis.

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