Current Performance and Analyst Consensus

As of the latest data, the Invesco QQQ ETF has shown a slight dip of 0.07% over the past five days. However, the year-to-date increase stands impressively at 16.64%.

Based on TipRanks’ proprietary ETF analyst consensus, a synthesis of its holdings’ analyst ratings yields a classification of QQQ as a Moderate Buy. Moreover, the average target price from Wall Street analysts hovers at $546.73, indicating a potential upside of 14.79%.

Key Holdings and Potential

Among QQQ’s current holdings, those with the highest upside potential include Micron Technology (MU), PDD Holdings (PDD), Moderna (MRNA), Dollar Tree (DLTR), and Super Micro Computer (SMCI).

Conversely, the ETF’s holdings with downside potential feature Fortinet (FTNT), Paychex (PAYX), Cintas (CTAS), Tesla (TSLA), and American Electric Power (AEP).

Smart Score and Market Outlook

The QQQ ETF boasts a Smart Score of eight, suggesting it is poised to surpass market performance. This score underscores the potential strength and resilience of the ETF in the current market environment.

To gain a competitive edge in your ETF investments, consider exploring the top equity ETFs with high upside potential, meticulously identified through TipRanks’ analysis.