QQQ ETF Update, 6/14/2024  
Market News

QQQ ETF Update, 6/14/2024  

Story Highlights

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

How is QQQ stock faring? The Invesco QQQ ETF is up 3.14% in the past 5 days and has risen about 13.7% year-to-date.  

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 $511.53 implies an upside of about 7%. 

Currently, QQQ’s five holdings with the highest upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), MongoDB (MDB), Atlassian (TEAM), and Sirius XM Holdings (SIRI).

Meanwhile, its five holdings with the greatest downside potential are Vertex Pharmaceuticals (VRTX), Qualcomm (QCOM), Moderna (MRNA), Texas Instruments (TXN), 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.  


Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App