The Vanguard S&P 500 ETF (VOO) rose 0.93% on Wednesday, supported by renewed optimism over possible Federal Reserve rate cuts and strength in tech and retail names. Momentum carried into the evening, with the ETF edging up another 0.09% in after-hours trading.
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Importantly, the VOO ETF closely tracks the S&P 500 Index (SPX), which was up 0.69%, while the tech-heavy Nasdaq 100 (NDX) gained 0.87% on Wednesday.
Overall, the VOO ETF has gained 2.55% over the past five days, but is up 16.28% year-to-date.
VOO’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, VOO is a Moderate Buy. The Street’s average price target of $726.06 implies an upside of 16.18%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
Revealingly, VOO ETF’s Smart Score is seven, implying that this ETF will likely perform in line with the market.