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QQQ ETF Update, 2/29/2024 – TipRanks.com

The Invesco QQQ ETF has seen a slight decrease of 0.55% in the past 5 days, but has shown a significant increase of about 51.3% over the past year. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy. The average price target from analysts on Wall Street is $481.85, indicating a potential upside of around 10.7%.

Currently, QQQ’s top five holdings with the highest potential for growth are PDD Holdings (PDD), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), AstraZeneca (AZN), and Charter Communications (CHTR). On the other hand, the five holdings with the greatest potential for downside are Netflix (NFLX), Lam Research (LRCX), Constellation Energy Corporation (CEG), Airbnb (ABNB), and Broadcom (AVGO).

QQQ’s ETF Smart Score is eight, suggesting that it is likely to outperform the market. For those interested in ETF investing, TipRanks offers a list of Top Equity ETFs with High Upside Potential based on their analysis.

Please note that this information is for disclosure purposes only.

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