Analysts Predict 10.94% Upside for Invesco QQQ Trust ETF

Analysts see a 10.94% upside for Invesco QQQ Trust ETF, with notable price targets for Analog Devices, Idexx Laboratories, and Texas Instruments. Investors should consider these insights for potential market movements.

Date: 17-02-2025

AI Rating: 7

ETF Implied Analyst Target Price Analysis
The report provides insight into the implied analyst target price for the Invesco QQQ Trust ETF (QQQ) based on its underlying holdings, revealing a target price of $597.01 per unit. This suggests a significant upside potential of 10.94% from the recent trading price of $538.15.

Additionally, it highlights three underlying holdings -- Analog Devices Inc (ADI), Idexx Laboratories, Inc. (IDXX), and Texas Instruments Inc. (TXN) -- all demonstrating notable upside to their average analyst target prices. ADI shows a 19.38% upside with a target of $256.19 compared to its recent price of $214.61. IDXX's potential is noted at 16.87% upside with a target of $519.50 from a recent price of $444.53. Lastly, TXN’s anticipated target at $208.57 indicates a 13.95% upside from its current price of $183.03.

This optimistic outlook presented by analysts reflects positively on the ETFs and the underlying stocks, potentially affecting investor sentiments and trading volumes. However, it is important for investors to assess whether these analyst targets are justified based on current market conditions or if they are overly optimistic.

Stocks: QQQ ADI IDXX TXN