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QQQ ETF Update, 3/6/2024 – TipRanks.com

The Invesco QQQ ETF has had a slight dip of 1.04% in the past 5 days, but has seen a significant rise of about 50% over the past year. According to TipRanks, QQQ is rated as a Moderate Buy with an average price target of $484.87, suggesting an upside of around 11.2%.

Currently, QQQ’s top five holdings with the highest upside potential are PDD Holdings, Warner Bros. Discovery, Moderna, AstraZeneca, and Charter Communications. On the other hand, the five holdings with the greatest downside potential are KLA, Lam Research, Netflix, Airbnb, and Broadcom.

QQQ’s ETF Smart Score is eight, indicating that it is expected to outperform the market. For those looking to enhance their ETF investing, TipRanks offers insights into the Top Equity ETFs with High Upside Potential based on their analysis.

Investors should consider these factors when making decisions regarding QQQ and other ETFs.

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