Market Performance: Major Wall Street indexes saw slight gains, with the S&P 500 up 0.2% and tech stocks rising 0.4%, amid expectations of a Federal Reserve interest rate cut next week.
Economic Indicators: The core Personal Consumption Expenditures price index showed a slight decrease in inflation, while consumer sentiment improved according to a University of Michigan survey.
Stock Movements: Adobe Inc. surged over 5% in anticipation of a strong earnings report, while Netflix Inc. dropped 3.5% following its acquisition of Warner Bros. Discovery, which faced allegations of a biased auction.
Earnings Reports: Ulta Beauty Inc. shares jumped 14% after exceeding earnings expectations, while DocuSign Inc. shares fell 6.5%. In the crypto market, Bitcoin slipped below $90,000.
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 620.760
Low
Averages
High
Current: 620.760
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
