Analyst Ratings Coverage
On Thursday July 6th, STA Research (Analyst Rank #45) issued a research report on stock, and maintained the rating on the company at a “Hold” based on the current valuation. STA Research also maintained increased their 12 month target forecast on the stock to $330 from $300 USD per share.
QQQ Stock Forecast & Analysis
Based on the available information, the average analyst target price for the Invesco QQQ Trust (QQQ) is $330 over the next 12 months.
The average analyst consensus rating for Invesco QQQ Trust is set at a “Hold” rating, indicating the analysts believe the stock is fairly valued.
Stock Target Advisor’s own stock analysis of Invesco QQQ Trust is slightly bullish. This analysis takes into account three positive signals and two negative signals. The specific details of these signals are not provided, but the overall assessment suggests a somewhat positive outlook for the stock.
At the last closing, the stock price of Invesco QQQ Trust stood at USD 370.28. It’s worth noting that stock prices can fluctuate based on various factors, including market conditions, investor sentiment, and economic indicators.
Over the past week, the stock price of Invesco QQQ Trust has increased by +1.57%, indicating a modest positive trend in the short term. Similarly, over the past month, the stock has appreciated by +4.33%. Looking at the past year, the stock price has experienced a significant increase of +29.04%.
Fundamental Analysis
In the fundamental analysis of Invesco QQQ Trust (QQQ), there are several positive aspects worth considering:
Firstly, the stock has demonstrated superior risk-adjusted returns compared to its sector peers over a hold period of at least 12 months. This places it in the top quartile, indicating strong performance relative to its competitors when considering the level of risk involved. Investors may find this appealing as it suggests the potential for favorable returns while managing risk effectively.
Invesco QQQ Trust also has a high market capitalization, placing it among the largest entities in its sector and in the top quartile. Companies with higher market capitalization often exhibit more stability due to their size and market influence.
Moreover, the stock has shown very high dividend returns compared to its sector peers on an average annual basis over the past five years, again considering a hold period of at least 12 months. This places it in the top quartile and can be attractive for income-oriented investors seeking stocks with high income yields.
There are a few aspects to be cautious about when considering an investment in Invesco QQQ Trust:
The stock is trading at a high valuation compared to its peers, specifically on a price-to-earnings basis, and is above the sector median. This suggests that the stock may be considered overpriced relative to its earnings. Investors should carefully evaluate whether the current valuation is justified by the company’s financial performance and growth prospects.
Invesco QQQ Trust exhibits high volatility in its total returns over the past five years, surpassing the median for its sector. This indicates that the stock’s price has experienced significant fluctuations, which may be attributed to factors such as market conditions or the underlying assets within the fund.
