the SPDR S&P 500 ETF Trust TO SPY is off to a horrible start to 2022, down 11.7% year-to-date. However, a handful of popular stocks have lagged the market and generated much heavier losses for investors this year.

The threat of a sharp rise in interest rates and slowing growth in many of the best performing pandemic stocks has prompted investors to seek refuge and safety in value stocks and defensive investments. At this point, shareholders of the worst performing S&P 500 stocks of 2022 are wondering if they should buy the dip or cut their losses.

Here’s a look at what analysts are saying about the six worst performing stocks on the S&P 500 in 2022.

Sell: Netflix, Inc. NFLX

As far as 2022 underperformers go, it’s not much worse than Netflix. The streaming video leader’s stock is down 68% so far this year, making it the worst performing stock in the S&P 500. Unfortunately for Netflix investors, the Bank of America analyst Nat Schindler says things can get worse for Netflix before they get better. Schindler says Netflix’s plans to revive its growth story won’t have a noticeable impact until 2024, giving investors little reason to be excited about the title in the interim.

Bank of America has an underperform rating and $300 price target for NFLX stock.

Also read: 9 best stocks to buy in the second quarter? AMD, Lululemon and more

Own: EPAM Systems Inc EPAM

EPAM Systems provides digital platform, engineering and consulting services to customers worldwide. The stock is down 58% since the start of 2022, but the Bank of America analyst Jason Kupferberg says he remains on the sidelines given the stock’s extreme geopolitical uncertainty. Unfortunately, EPAM is one of the S&P 500 stocks most exposed to conflict in Ukraine. Indeed, Ukraine, Belarus and Russia account for approximately 58% of the company’s billable workforce. With the conflict in Ukraine not in sight, Kupferberg says investors would do well to wait until they have a clearer picture of the company’s financial situation before buying the dip.

Bank of America has a neutral rating and a price target of $231 for EPAM shares.

Remember: PayPal Holdings Inc. PYPL

PayPal is a leading digital payment platform. The 2022 tech growth stock rotation has sent PayPal shares down 57.3% year-to-date, but Kupferberg says investors should wait for a better entry point before buying the dip. He expects the stock to stay in the range until the company can prove to investors that its new strategy of favoring average revenue per account (ARPA) over net new additions (NNA) is paying off. its fruit.

Bank of America has a neutral rating and a price target of $118 for PYPL shares.

Hold: Etsy Inc. ETSY

Etsy is a leading e-commerce platform and a leading online destination for unique handmade products or vintage items in the United States and select international markets. Etsy and its inventory have grown rapidly during the pandemic, but that growth has slowed significantly in recent quarters. CFRA Analyst Kenneth Leon says Etsy has the opportunity to continue to benefit from age-old growth trends in e-commerce. However, he says the stock remains fully valued even after its steep decline of 53.5% since the start of the year.

CFRA has a neutral rating and a price target of $170 for ETSY shares.

Hold: Ceridian HCM Holding Inc. CDAY

Ceridian HCM is a Software as a Service (SaaS) provider specializing in Human Capital Management (HCM) applications. CFRA Analyst David Holt says the company’s ability to take advantage of an improving labor market and maintain sales momentum has been impressive. Additionally, HCM is expanding into international markets and trying to move upstream and attract even bigger customers. Unfortunately, he says Dayforce’s slower revenue growth and greater focus on internal professional services lines of business weighed on overall profitability and growth and drove the stock down 46.2%. since the beginning of the year.

CFRA has a Hold rating and a price target of $95 for CDAY shares.

Buy: Meta Platforms Inc. Facebook

Meta Platforms is the parent company of popular social media and messaging platforms Facebook, Instagram and Messenger. The stock is down 48.9% in 2022 after reporting changes to Apple Inc. AAPL iPhone privacy policies will cost Meta $10 billion in revenue in 2022. Meta also said its metaverse business Meta Reality Labs lost $10 billion in 2021. Bank of America analyst Justin Post says the meta-growth thesis has certainly taken a hit in 2022. However, there is already plenty of negativity in the stock price, which currently trades at just 12.5 times forward earnings.

Bank of America has a buy rating and price target of $290 for FB stock.