How is SPY stock faring? The SPDR S&P 500 ETF Trust (SPY) declined 0.04% over the past five days but is up about 13.91% year-to-date.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $734.04 for the SPY ETF implies an upside potential of about 10.77%.
Currently, SPY’s five holdings with the highest upside potential are Loews (L), Moderna (MRNA), The Trade Desk (TTD), Dexcom (DXCM), and Align Technology (ALGN).
Meanwhile, its five holdings with the greatest downside potential are Paramount Skydance (PSKY), Intel (INTC), Warner Bros. Discovery (WBD), Tesla (TSLA), and Garmin (GRMN).
Tesla’s downside risk is influenced by concerns over valuation, rising competition, and upcoming Q3 delivery numbers, which analysts expect to be around 447,000 vehicles, slightly below Q3 2024 figures.
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the broader market.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.