The Invesco QQQ Trust ETF decreased 0.99% on Monday morning due to rising oil prices above $100 per barrel, amid heightened tensions between the US and Iran. This follows a similar decline of 1.50% on Friday, attributed to escalating geopolitical tensions.
Despite this short-term drop, the QQQ ETF has shown significant growth over the past year, increasing by 27%. Its analyst consensus suggests a Moderate Buy rating, with an average price target of $753.15, indicating potential upside of about 25.6%.
The top-performing holdings in the QQQ ETF include Strategy MSTR (+4.06%), Nvidia NVDA (+2.72%), and Advanced Micro Devices AMD (+5.33%). On the other hand, Kraft Heinz KHC (-0.41%) has the greatest downside potential.
TipRanks’ Smart Score of seven indicates that the QQQ ETF is expected to perform similarly to the broader market.
Source: https://www.tipranks.com/news/invesco-qqq-trust-etf-qqq-daily-update-3-9-2026