How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is down 1.19% over the past five days but has gained about 12.4% year-to-date.
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According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SPY is a Moderate Buy. The Street’s average price target of $744.01 for the SPY ETF implies an upside potential of 12.21%.
Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), MGM Resorts (MGM), Fiserv (FI), Dexcom (DXCM), and News Corporation (NWSA).
Meanwhile, its five holdings with the greatest downside potential are Paramount Skydance (PSKY), Intel (INTC), Super Micro Computer (SMCI), Tesla (TSLA), and Garmin (GRMN).
TSLA stock gained over 4% today after Melius Research analyst Rob Wertheimer initiated coverage of “must own” Tesla with a Buy rating and $520 price target.
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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