How is the situation with QQQ stocks? The Invesco QQQ ETF has dropped 3.4% over the past five days, but is about 11% year-to-date.
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According to Tipranks’ unique ETF analyst consensus, which is based on the weighted average of its holdings, QQQ is a medium buy. The QQQ ETF's average street price target is $644.06, which means upward potential is 14.3%.
Currently, QQQ has the highest holdings, with the highest upward potential being Strategy (MSTR), Atlassian Corporation (Team), The Trade Desk (TTD), Charter Communications (CHTR) and Lululemon Athletica (Lulu).
Meanwhile, its highest holdings with maximum downside potential are fixed (fast), Intel (INTC), Tesla (TSLA) and Palantir Technologies (PLTR).
What is revealed is that the QQQ ETF has a smart score of 7, which means that the ETF may be consistent with the market.
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