SPY stock, or the SPDR S&P 500 ETF Trust, has been performing well recently. In the past 5 days, it has gone up by 0.22%, and over the past year, it has seen a growth of about 28%. According to TipRanks, which provides unique ETF analysis, SPY is rated as a Moderate Buy. The average price target from analysts is $579.71, suggesting a potential upside of more than 11%.
Currently, SPY’s top five holdings with the highest upside potential are MGM Resorts (MGM), Epam Systems (EPAM), Carnival Corporation (CCL), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). On the other hand, its top five holdings with the greatest downside potential are Loews (L), Steris (STE), Mettler-toledo International (MTD), Hormel Foods (HRL), and Waters (WAT).
SPY’s ETF Smart Score is eight, indicating that this ETF is likely to outperform the market. If you’re looking to invest in ETFs, consider checking out TipRanks for their list of Top Equity ETFs with High Upside Potential. Stay informed and make smart investment decisions.