QQQ ETF Update, 12/18/2024 – TipRanks.com

On December 19, 2024By Littum

How are QQQ shares doing? The Invesco QQQ ETF has gained 0.87% in the past five days and is up about 31.98% year-to-date.

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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 $583.03 implies an upside of 8.82%.

Currently, QQQ’s five holdings with the highest upside potential are Biogen (BIIB), Moderna (MRNA), Regeneron Pharmaceuticals (REGN), Advanced Micro Devices (AMD), and MongoDB (MDB).

Meanwhile, its five holdings with the biggest downside potential are Tesla (TSLA), Super Micro Computer (SMCI), Netflix (NFLX), Broadcom (AVGO) and Apple (AAPL).

Tellingly, the QQQ ETF has a Smart Score of eight, which suggests that this ETF is likely to outperform the market.

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