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QQQ ETF Update, 5/10/2024 
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QQQ ETF Update, 5/10/2024 

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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 up 0.89% in the past 5 days and has risen about 36.6% 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 $500.58 implies an upside of 13.5%. 

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

Meanwhile, its four holdings with the greatest downside potential are Constellation Energy (CEG), Texas Instruments (TXN), American Electric Power (AEP), and Paychex (PAYX).   

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

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.  

Disclosure  

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