The Invesco QQQ ETF has been performing well, with a 1.26% increase in the past 5 days and a 13.2% increase year-to-date. According to TipRanks, the ETF is rated as a Moderate Buy, with an average price target of $511.83, indicating a potential upside of 9%.
The top five holdings in QQQ with the highest upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), MongoDB (MDB), Atlassian (TEAM), and Sirius XM Holdings (SIRI). On the other hand, the four holdings with the greatest downside potential are Vertex Pharmaceuticals (VRTX), Qualcomm (QCOM), Moderna (MRNA), and Texas Instruments (TXN).
The QQQ ETF has a Smart Score of eight, suggesting 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.