How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is down 1.29% over the past five days but has gained about 14.12% 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 $747.93 for the SPY ETF implies an upside potential of 12.82%.
Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), MGM Resorts (MGM), Fiserv (FI), Dexcom (DXCM), and Schlumberger (SLB).
Meanwhile, its five holdings with the greatest downside potential are Paramount Skydance (PSKY), Intel (INTC), Tesla (TSLA), Super Micro Computer (SMCI), and Albemarle (ALB).
Intel stock is up about 3% due to investor optimism over the company’s new data center GPU called “Crescent Island,” reflecting its efforts to regain market share in the AI chip market.
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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