The Invesco QQQ ETF has been performing well recently, with a 1.31% increase in the past 5 days and a year-to-date rise of about 18.6%. According to TipRanks’ ETF analyst consensus, QQQ is considered a Moderate Buy. The average price target of $523.09 suggests an 8% potential upside.
Currently, QQQ’s top five holdings 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 five holdings with the greatest downside potential are Lam Research (LRCX), Qualcomm (QCOM), KLA (KLAC), Texas Instruments (TXN), and Tesla (TSLA).
The QQQ ETF has a Smart Score of eight, indicating that it is likely to outperform the market. For those interested in ETF investing, TipRanks offers a selection of Top Equity ETFs with High Upside Potential based on their analysis.