Analysts rate ProShares UltraPro Short QQQ (SQQQ:NSD) with a Buy rating and a $84 target

Based on the ProShares UltraPro Short QQQ stock forecast from analysts, the average analyst SQQQ stock price target is $84.81 over the next 12 months. ProShares UltraPro Short QQQ’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of SQQQ stock forecast is Slightly Bullish, which is based on 3 positive signals and 2 negative signals. At the last closing, SQQQ stock price was USD 48.14. SQQQ stock price has changed by +3.45% over the past week, +14.69% over the past month and +29.76% over the last year.


About ProShares UltraPro Short QQQ (SQQQ: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:

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

Low volatility:

The annual returns for SQQQ stock have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior total returns:

The 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.


What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The average income yield of SQQQ stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.