The SPDR S&P 500 ETF Trust, also known as SPY stock, has been performing well recently. In the past 5 days, it has seen a 1.37% increase, and over the past year, it has risen by about 24%. According to TipRanks’ ETF analyst consensus, SPY is considered a Moderate Buy. The average price target of $576.83 suggests a potential upside of more than 13%.
Currently, SPY’s top five holdings with the highest upside potential are Caesars Entertainment (CZR), On Semiconductor (ON), Warner Bros. (WBD), Bio-Rad Laboratories (BIO), and Carnival Corporation (CCL). On the other hand, its top five holdings with the greatest downside potential are Loews (L), Packaging (PKG), Hormel Foods (HRL), Tractor Supply (TSCO), and Airbnb (ABNB).
Interestingly, SPY’s ETF Smart Score is eight, indicating that it is likely to outperform the market. For those interested in ETF investing, TipRanks offers a list of the Top Equity ETFs with High Upside Potential based on their analysis.