Actionable news
All posts from Actionable news
Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

QQQ ETF To Return 5%, Vetr Crowd Says

The PowerShares QQQ Trust, Series 1 (ETF) QQQ 1.19% has had a tough year, gaining 3.08 percent year-to-date. Over the past month, the ETF fell 1.6 percent.

The Vetr crowd seems to believe the upside is quite limited, as evidenced by its average price target of $120.75. This target implies a potential return of roughly 5 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect the small upside potential, the Vetr crowd decided to issue a 3.0 Stars (Hold) rating on the QQQ ETF on Tuesday — out of a possible five-star rating.

It should be noted that, in accordance with the 3.0 Stars rating, 57 percent of the crowd’s ratings are bullish at the time.

© 2016 Benzinga does not provide investment advice. All rights reserved.