Top SPY Analysts — Who Predicts the S&P 500 ETF Best?

SPY — the SPDR S&P 500 ETF Trust — is the most traded ETF in the world, tracking the S&P 500 index. While ETFs don’t have traditional analyst “buy/sell” ratings like individual stocks, the analysts who cover the underlying S&P 500 components and provide market-wide forecasts are among the most influential voices on Wall Street.

How Analysts Cover SPY and the Broader Market

Unlike individual stocks, SPY is tracked through macro strategists and market strategists at major banks — analysts who forecast index-level price targets for the S&P 500. These strategists at firms like Goldman Sachs, Morgan Stanley, and JPMorgan set year-end S&P 500 targets that move markets.

Top S&P 500 Strategists to Watch

When evaluating who gets SPY right, it’s worth tracking:

• Accuracy of year-end S&P 500 price targets — who came closest to the actual close
• Timing of directional calls — who correctly called bull and bear cycles
• Sector rotation calls — which underlying sectors they predicted to outperform

Individual Stock Analysts Who Drive SPY Returns

Because SPY tracks 500 stocks, the analysts with the most influence on SPY’s direction are those covering its largest components: Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN), and Alphabet (GOOGL). These five stocks alone represent over 25% of SPY’s weight.

Tracking which analysts consistently nail price targets on these mega-cap stocks gives you an edge on predicting SPY’s overall direction.

Why Analyst Accuracy Data Matters for SPY Investors

Even passive SPY investors benefit from knowing which analysts have the best track records on the index’s top holdings. When top-ranked analysts for NVDA, AAPL, and MSFT all raise price targets simultaneously, it’s a meaningful signal for the broader index.

AnaChart tracks analyst accuracy across all S&P 500 components — giving you data-driven insight into which voices to trust when they speak about the market’s direction.

Track the Best Analysts on SPY’s Top Holdings

Want to know which analysts have the strongest track records on the stocks driving SPY? Explore AnaChart’s rankings for Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), and all other S&P 500 components.