The Invesco QQQ ETF has seen a 0.58% increase in the past 5 days and is up by about 16% year-to-date. According to TipRanks, the ETF is rated as a Moderate Buy, with an average price target of $525.34, suggesting a potential upside of 9%.
The top five holdings with the highest upside potential in the QQQ ETF 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 KLA (KLAC), Verisk Analytics (VRSK), Texas Instruments (TXN), and Tesla (TSLA).
The QQQ ETF’s Smart Score is 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.
Investors should consider these factors when making decisions about their ETF investments.