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QQQ ETF Update, 2/23/2024  – TipRanks.com

The Invesco QQQ ETF has been performing well recently, with a 2.06% increase in the past 5 days and a 44.4% rise over the past year. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy, with an average price target of $480.03, suggesting a potential upside of around 10%.

Currently, QQQ’s top five holdings with the highest upside potential are Charter Communications (CHTR), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), AstraZeneca (AZN), and Moderna (MRNA). On the other hand, the ETF’s five holdings with the greatest downside potential are Paychex (PAYX), Lam Research (LRCX), Constellation Energy Corporation (CEG), Airbnb (ABNB), and Broadcom (AVGO).

QQQ’s ETF Smart Score of eight indicates that it is expected 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: The information provided is based on facts and analysis from TipRanks.

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