Recent Upswing
Recent data indicates a positive trajectory for the Invesco QQQ ETF, exhibiting a 1.53% surge over the past five days. Impressively, its year-to-date increase stands at approximately 12.05%.
Analyst Consensus
A unique ETF analyst consensus from TipRanks reveals that QQQ is currently categorized as a Moderate Buy. Market experts have set an average price target of $526.36, suggesting a potential upside of 11.74%.
High-Potential Holdings
Noteworthy holdings within QQQ boasting considerable upside potential include PDD Holdings, Dexcom, Crowdstrike Holdings, Micron Technology, and Lululemon Athletica. On the flip side, holdings like Tesla, ARM Holdings, Old Dominion Freight Line, American Electric Power, and Charter Communications present the greatest downside risks.
Smart Score Strength
Highlighting the ETF’s robust performance, QQQ ETF’s Smart Score of eight indicates a high likelihood of outperforming the market.
Insightful Investing
Investors seeking to enhance their ETF portfolio can leverage TipRanks for comprehensive insights. Discover top Equity ETFs with promising upside potential based on meticulous TipRanks analysis.
*Disclosure: The financial information discussed does not constitute investment advice.
