QQQ ETF Update, 5/16/2024 
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QQQ ETF Update, 5/16/2024 

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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 2.15% in the past 5 days and has risen about 37.2% 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 Hold. The Street’s average price target of $543.25 implies an upside of 19.95%. 

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

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

Revealingly, QQQ ETF’s Smart Score of “Perfect 10”, implies 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.  



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