Invesco QQQ tracks the Nasdaq-100 Index™, which contains 100 of America’s most profitable and largest non-financial companies. The ETF has long been a popular fund with investors as it mirrors one of the world’s most prominent market indexes.
The fund has been on fire this year. The performance is astonishing. Outperforming both the SPY and VOO ETFs that track benchmark indexes.
The QQQ fund got supercharged this week after several American companies published solid quarterly results. On Thursday, Morgan Stanley’s trading division helped it post stellar numbers that exceeded analyst forecasts by a large margin.
Other banks like JP Morgan also did well with their financial performance releases. At the same time, other major corporations, including UnitedHealth Group and Domino’s Pizza, beat expectations, too – making investors happy campers indeed.
The recent trend of banks outperforming technology companies has made it possible for Netflix, Google and Microsoft stocks to beat consensus. If this continues, then the Nasdaq 100 index could rise as well, which would increase investor confidence in Invesco QQQ stock prices.
QQQ Stock Price Forecast
According to Wallet Investor,
“Invesco Qqq Trust quote is equal to 368.940 USD at 2021-10-16. Based on our forecasts, a long-term increase is expected. The “QQQ” fund price prognosis for 2026-10-07 is 735.834 USD. With a 5-year investment, the revenue is expected to be around +99.45%. So your current $100 investment may be up to $199.45 in 2026″.
According to Investing Cube,
“The QQQ stock crashed to a low of $350, which was notable because it was along the lower side of the ascending trendline shown in green. The price was also along with the 100-day moving average. Now, the fund has rebounded and is attempting to move above the 50-day moving average. The two lines of the MACD have also made a bullish crossover”.
“Therefore, the fund will likely have a significant bullish breakout as bulls target the all-time high of $380. This view will be invalidated if the price moves below the support at $350”.