The Invesco QQQ ETF (QQQ) has seen a slight decline of 0.58% over the past five days, while maintaining a year-to-date gain of 11.4%.
According to an analyst consensus based on a weighted average of the ETF’s holdings, QQQ is rated a “Moderate Buy.” The average price target of $626.55 suggests a potential upside of 10.89% from its current level. Additionally, the ETF has a Smart Score of seven out of ten, indicating it is projected to perform in line with the broader market.
An analysis of its components highlights the five holdings with the highest upside potential: Charter Communications (CHTR), Lululemon Athletica (LULU), Micron Technology (MU), MicroStrategy (MSTR), and Atlassian Corporation (TEAM).
Conversely, the holdings identified with the greatest potential downside include Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Fastenal (FAST), Constellation Energy (CEG), and Synopsys (SNPS).
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