The SPDR S&P 500 ETF Trust, also known as SPY stock, has been performing well recently. Over the past 5 days, it has seen a 2.7% increase, and year-to-date, it has risen by 24.9%. According to TipRanks, SPY is rated as a Moderate Buy by ETF analysts. The average price target for SPY is $508.05, which suggests a potential upside of 7.6%.
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 holdings with the greatest downside potential include Zions Bancorporation National Association (ZION), Robert Half International (RHI), Franklin Resources (BEN), United Rentals (URI), and Norwegian Cruise Line (NCLH).
SPY’s ETF Smart Score is eight, indicating that this ETF is expected to outperform the market averages. If you’re interested in ETF investing, consider exploring the Top Equity ETFs with High Upside Potential recommended by TipRanks.
Disclosure: This information is provided for informational purposes only.