QQQ ETF News, 1/1/2025 – TipRanks.com

How is QQQ stock faring? The Invesco QQQ ETF is down 2.51% in the past 5 days but has risen about 30.6% over the past year.  

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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 $590.27 implies an upside of about 15.5%. 

Currently, QQQ’s five holdings with the highest upside potential are Micron (MU), Microstrategy (MSTR), Biogen (BIIB), MongoDB (MDB) and Regeneron Pharmaceuticals (REGN).

Meanwhile, its five holdings with the greatest downside potential are Palantir Technologies (PLTR), Tesla Motors (TSLA), Apple (AAPL), AppLovin (APP), and Netflix (NFLX).

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

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Disclosure  

Are you interested in investing in the QQQ ETF? Stay up to date with the latest news and analysis on the popular tech-focused exchange-traded fund with TipRanks.com.

As of 1/1/2025, the QQQ ETF continues to be a top performer in the market, driven by strong performances from leading tech companies such as Apple, Microsoft, Amazon, and Alphabet.

With the tech sector showing no signs of slowing down, many analysts are bullish on the QQQ ETF’s future prospects. Stay informed on the latest news, expert ratings, and price targets for the QQQ ETF on TipRanks.com.

Whether you’re a seasoned investor or just starting out, TipRanks.com provides valuable insights and information to help you make informed decisions about your investments. Don’t miss out on the latest updates on the QQQ ETF – visit TipRanks.com today!

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