How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is up 1.15% 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 $737.25 for the SPY ETF implies an upside potential of 9.99%.
Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Fiserv (FI), MGM Resorts (MGM), 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 Lam Research (LRCX).
Paramount Skydance is down about 3% due to reports that it is exploring a potential acquisition of Warner Bros. Discovery (WBD), and is seeking financial backing from private equity firms like Apollo (APO).
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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