How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) is down 1.79% over the past five days but has gained about 13.98% 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 $746.82 for the SPY ETF implies an upside potential of 13.01%.
Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), MGM Resorts (MGM), Fiserv (FI), Dexcom (DXCM), and GoDaddy (GDDY).
Meanwhile, its five holdings with the greatest downside potential are Paramount Skydance (PSKY), Intel (INTC), Tesla (TSLA), Super Micro Computer (SMCI), and Albemarle (ALB).
Tesla’s stock is down 2.1% today, after BNP Paribas Exane initiated coverage with a Sell rating and a price target suggesting a nearly 28% downside risk.
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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