How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is down 0.96% 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 $733.65 for the SPY ETF implies an upside potential of 10.33%.
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 Intel (INTC), Paramount Skydance (PSKY), Super Micro Computer (SMCI), Tesla (TSLA), and Albemarle (ALB).
Intel stock declined 2.4% on Tuesday due to a rating downgrade by Bank of America analyst Vivek Arya. The five-star analyst lowered the rating to Sell over competitive concerns in the AI market.
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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