Analysts rate ProShares UltraPro QQQ (TQQQ:NSD) with an Sell rating and a $33 target

STA Research
by: STA Research
TQQQ stock price target

Based on the ProShares UltraPro QQQ stock forecast from analysts, the average analyst TQQQ stock price target is $33.59 over the next 12 months. ProShares UltraPro QQQ’s average analyst rating is Sell. Stock Target Advisor’s own stock analysis of TQQQ stock forecast is Bullish, which is based on 4 positive signals and 1 negative signals. At the last closing, ProShares UltraPro QQQ’s stock price was USD 25.09ProShares UltraPro QQQ’s stock price has changed by -2.97% over the past week, -13.80% over the past month and -65.97% over the last year.

 

About ProShares UltraPro QQQ (TQQQ:NSD):

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund’s investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

 

What we like:

High market capitalization:

TQQQ stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns:

TQQQ stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Superior total returns:

TQQQ stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns:

TQQQ stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis, for investors seeking high income yields.

 

What we don’t like:

High volatility:

The total returns for TQQQ stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Disclaimer

Stock Target Advisor is not a broker/dealer, investment advisor, or platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information, and education to help investors with their research. No content on our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.

Leave a Reply

Your email address will not be published.