The SPDR S&P 500 ETF Trust, also known as SPY stock, has seen a slight decrease of 0.69% in the past 5 days. However, it has shown a strong performance overall this year with a 26.05% increase year-to-date.
According to TipRanks’ ETF analyst consensus, SPY is considered a Moderate Buy. The average price target from analysts on Wall Street is $509.13, suggesting an upside potential of 8.7%.
Currently, SPY’s top five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), Halliburton (HAL), Nvidia (NVDA), United Airlines (UAL), and First Solar (FSLR). On the other hand, its top five holdings with the greatest downside potential are Expeditors International (EXPD), Robert Half International (RHI), Franklin Resources (BEN), Waters (WAT), and Seagate Tech (STX).
SPY’s ETF Smart Score is eight, indicating that it is likely to outperform the market averages. To enhance your ETF investing, consider exploring the Top Equity ETFs with High Upside Potential as identified by TipRanks’ analysis.