On November 24, Scott Chronert, Citi US equity strategist, joined CNBC’s ‘Squawk on the Street’ to discuss where the market stands heading into the end of the year. Chronert used the term ‘exhausation’ in his recent note regarding the markets and explained that the concept of exhaustion relates to the way the current year has unfolded for investors. The year started with the complex issue of the deep-seek issue confounding the AI narrative. This was followed by the springtime Liberation Day tariff influence, and then the market had to contend with the deficit and surrounding issues during the summer months. More recently, Q3 earnings results have been very good, but there has not been that much in the way of stock price follow-through. Considering all these factors, Chronert observed that it has been a really difficult year for many investors to navigate. Despite the difficulties, the market is still up by low teens. Because of this tough but successful navigation, Chronert’s view is that it would not be surprising to see many investors use the upcoming holiday period to start locking things in for the year.

Chronert also stated that the market is currently right around the level of ‘full value’ when it comes to valuations. He stated that this target is their approximation of fair value, which is determined by looking at several metrics, including earnings growth over the next couple of years and a valuation assumption predicated on the current rate environment and other metrics. Therefore, they feel the market has already been discounting earnings expectations for some time. For the market to move materially higher from its current position, it needs to see future earnings growth projections continue to ramp.

That being said, we’re here with a list of the 12 best QQQ stocks to buy according to Wall Street analysts.

Our Methodology

We sifted through the Invesco QQQ exchange-traded fund (ETF) holdings to find the 12 best stocks that had an upside potential of over 30%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q2 2025, which was sourced from Insider Monkey’s database.

Note: All data was sourced on November 21. 

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

12 Best QQQ Stocks to Buy According to Wall Street Analysts

12. T-Mobile US Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 76

Average Upside Potential as of November 21: 30.08%

T-Mobile US Inc. (NASDAQ:TMUS) is one of the best QQQ stocks to buy according to Wall Street analysts. On November 21, Oppenheimer downgraded T-Mobile to Perform from Outperform, while removing the firm’s $300 price target on the shares. Oppenheimer suspects that T-Mobile will struggle to exceed subscriber and free cash flow estimates, given its decade of exceptional market share gains and margin expansion. The firm forecasts that overall industry subscriber growth is slowing, which will heighten competition that is expected to persist for 12 to 24 months.

Earlier in its Q3 2025 earnings call, the company reported achieving its best-ever total postpaid net additions, including over 1 million postpaid phone net additions. This led the company to raise its total postpaid net additions guidance to a range of 7.2 to 7.4 million for the full year, an increase of over 1 million at the midpoint. The company made a total of $21.96 billion in revenue, which was an 8.90% increase year-over-year, although it missed Street estimates by $7.29 million. The company also made $2.77 in EPS, which exceeded guidance by $0.20.

T-Mobile’s 5G broadband business added 500,000+ customers, and the company also added 50,000+ new customers to its fiber business. Consequently, the fiber customer net additions guidance was raised to ~130,000, up from the previous 100,000.

T-Mobile US Inc. (NASDAQ:TMUS) provides wireless communications services in the US, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to postpaid, prepaid, and wholesale & other services customers.

11. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 294

Average Upside Potential as of November 21: 34.08%

Microsoft Corporation (NASDAQ:MSFT) is one of the best QQQ stocks to buy according to Wall Street analysts. On November 18, Microsoft, NVIDIA, and Anthropic announced a series of new strategic partnerships focusing on scaling Anthropic’s rapidly growing Claude AI model, which involves Anthropic adopting NVIDIA architecture and both Microsoft and NVIDIA investing in the company.

Anthropic is scaling its Claude AI model on Microsoft Azure, which is powered by NVIDIA infrastructure. This move is expected to broaden access to Claude and provide Azure enterprise customers with expanded model choice and new capabilities. As part of this commitment, Anthropic has agreed to purchase $30 billion of Microsoft Azure compute capacity and contract for additional capacity up to one gigawatt.

Furthermore, Microsoft and Anthropic are expanding their existing partnership to offer broader access to Claude for businesses. Microsoft has committed to investing up to $5 billion in Anthropic. Customers of Microsoft Foundry will gain access to Anthropic’s frontier Claude models, including Claude Sonnet 4.5, Claude Opus 4.1, and Claude Haiku 4.5. This collaboration will make Claude the only frontier model available across all three of the world’s most prominent cloud services. Microsoft also committed to continuing access for Claude across its Copilot family.

Microsoft Corporation (NASDAQ:MSFT) develops and supports software, services, devices, and solutions worldwide.