QQQ ETF Update, 2/19/2024 
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QQQ ETF Update, 2/19/2024 

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Here’s a quick look at Invesco QQQ Trust ETF’s performance.

How is QQQ stock faring? The Invesco QQQ ETF is down 0.17% in the past 5 days but has risen about 48.8% over the past year. 

According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, QQQ is a Moderate Buy. The Street’s average price target of $477.96 implies an upside of about 10%.

Currently, QQQ’s five holdings with the highest upside potential are Biogen (BIIB), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), Charter Communications (CHTR), and Moderna (MRNA). Its five holdings with the greatest downside potential are CrowdStrike Holdings (CRWD), Palo Workday (WDAY), Netflix (NFLX), Airbnb (ABNB), and Autodesk (ADSK).  

Revealingly, QQQ’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.  

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