How is the SPDR S&P 500 ETF Trust (SPY) faring in the market? Over the past 5 days, SPY has seen a rise of 1.08% and has achieved a year-to-date increase of approximately 16.2%.
Based on TipRanks’ unique ETF analyst consensus, calculated from a weighted average of its holdings’ analyst ratings, SPY is currently rated as a Moderate Buy. The Street’s average price target of $598.68 suggests a potential upside of more than 8%.
Among SPY’s top five holdings with significant upside potential are Global Payments (GPN), Aptiv (APTV), Builders Firstsource (BLDR), Warner Bros. Discovery (WBD), and United Airlines Holdings (UAL).
Conversely, the five holdings with the most downside potential within SPY are Loews (L), Arista Networks (ANET), Teradyne (TER), Expeditors International (EXPD), and Tesla (TSLA).
Interestingly, SPY’s ETF Smart Score stands at eight, indicating that this ETF is poised to outperform the market.
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