The Invesco QQQ ETF has shown positive performance recently, with a 0.68% increase in the past 5 days and a 13% rise year-to-date. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy, with a potential upside of about 11% based on the Street’s average price target of $511.83.
Among QQQ’s top holdings with high upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), MongoDB (MDB), Atlassian (TEAM), and Sirius XM Holdings (SIRI). On the other hand, the ETF’s holdings with the greatest downside potential include Vertex Pharmaceuticals (VRTX), Qualcomm (QCOM), Moderna (MRNA), and Texas Instruments (TXN).
The QQQ ETF’s Smart Score of eight suggests that it is likely to outperform the market. Investors looking to enhance their ETF investing can explore the Top Equity ETFs with High Upside Potential recommended by TipRanks.
Overall, QQQ stock is performing well and presents opportunities for investors seeking growth in their portfolios.