ETFs
QQQ ETF Update, 06/14/2024 – TipRanks.com
How is QQQ stock doing? THEInvesco QQQ ETFis up 3.14% over the last 5 days and is up about 13.7% year to date.
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings of its holdings, QQQ is a Moderate Buy. The street’s average price target of $511.53 implies an upside of approximately 7%.
Currently, the five QQQ stocks with the highest upside potential are PDD Holdings (PDD), Discovery of Warner Bros. (WBD), MongoDB (BMD), Atlassian (TEAM), and Sirius XM Holdings (SIRI).
Meanwhile, its five stocks with the greatest downside potential are Vertex Pharmaceuticals (VRTX), Qualcomm (QCOM), Modern (mRNA), Texas Instruments (TXN), and Paychex (PAYX).
It is telling that QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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