How is SPY stock faring? The SPDR S&P 500 ETF Trust is up 0.31% in the past 5 days and has risen about 17.4% year-to-date.
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $614.78 implies an upside of more than 11%.
Currently, SPY’s five holdings with the highest upside potential are Aptiv (APTV), Delta Air Lines (DAL), Wynn Resorts (WYNN), Micron (MU), and United Airlines Holdings (UAL).
Meanwhile, its five holdings with the greatest downside potential are Loews (L), Altria Group (MO), Fair Isaac (FICO), Expeditors International (EXPD), and Tesla (TSLA).
Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Read More: SPY ETF Update, 7/24/2024 | Nasdaq