How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is up 1.26% over the past five days and has gained about 15.17% 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 $740.87 for the SPY ETF implies an upside potential of 10.14%.
Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Dexcom (DXCM), Fiserv (FI), MGM Resorts (MGM), and Align Technology (ALGN).
Meanwhile, its five holdings with the greatest downside potential are Paramount Skydance (PSKY), Intel (INTC), Tesla (TSLA), Super Micro Computer (SMCI), and Lam Research (LRCX).
MGM Resorts dipped over 2% today amid broader weakness in casino stocks and investor caution on discretionary spending.
Revealingly, SPY’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the broader market.
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