QQQ ETF Update, 6/3/2024 
Market News

QQQ ETF Update, 6/3/2024 

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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 0.99% in the past 5 days but has risen about 27.9% 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 $510.83 implies an upside of 13.34%. 

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

Meanwhile, its five holdings with the greatest downside potential are Texas Instruments (TXN), Moderna (MRNA), Qualcomm (QCOM), and Tesla (TSLA).

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

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