The Invesco QQQ ETF has seen a slight decrease of 0.86% in the past 5 days, but has shown a strong increase of about 21% year-to-date. According to TipRanks’ ETF analyst consensus, QQQ is rated as a Moderate Buy. The average price target of $531.52 by analysts suggests a potential upside of around 7%.
Currently, QQQ’s top five holdings with the highest upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), CoStar Group (CSGP), Lululemon Athletica (LULU), and Dexcom (DXCM). On the other hand, its top five holdings with the greatest downside potential are ARM Holdings PLC ADR (ARM), KLA (KLAC), Cintas (CTAS), Texas Instruments (TXN), and Tesla (TSLA).
The QQQ ETF’s Smart Score of eight indicates that it is likely to outperform the market. For those interested in ETF investing, TipRanks offers a list of Top Equity ETFs with High Upside Potential based on their analysis.
Disclosure: This article provides information on the performance and analysis of the QQQ ETF.