QQQ ETF Update, 4/19/2024 
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QQQ ETF Update, 4/19/2024 

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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 3.83% in the past 5 days but has risen about 35% 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 $502.60 implies an upside of about 18.7%.

Currently, QQQ’s five holdings with the highest upside potential are ON Semiconductor (ON), Warner Bros. Discovery (WBD), PDD Holdings (PDD), Zscaler (ZS), and Sirius XM (SIRI).

Meanwhile, two of its holdings, Airbnb (ABNB) and Constellation Energy (CEG), have downside potential.

Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is likely to perform in line with the market.

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