The Invesco QQQ ETF has shown positive performance recently, with a 2.15% increase in the past 5 days and a significant rise of about 37.2% over the past year. According to TipRanks’ ETF analyst consensus, QQQ is currently rated as a Hold, with an average price target of $543.25 suggesting a potential upside of 19.95%.
Among QQQ’s top holdings with high upside potential are Warner Bros. Discovery (WBD), Zscaler (ZS), Lululemon Athletica (LULU), Illumina (ILMN), and Sirius XM (SIRI). On the other hand, the ETF’s holdings with the greatest downside potential include Texas Instruments (TXN), Qualcomm (QCOM), Constellation Energy (CEG), Paychex (PAYX), and American Electric Power (AEP).
With a Smart Score of “Perfect 10”, the QQQ ETF is expected to outperform the market. Investors looking to enhance their ETF investing can explore the top Equity ETFs with High Upside Potential recommended by TipRanks’ analysis.