The SPDR S&P 500 ETF Trust, also known as SPY, has been performing well recently. In the past 5 days, SPY stock has gone up by about 1%, and over the last year, it has risen by approximately 28%.
According to TipRanks, a financial analysis platform, SPY is rated as a Moderate Buy. The average price target from analysts on Wall Street is $581.90, suggesting a potential upside of 11.72%.
Some of SPY’s top-performing holdings include On Semiconductor (ON), Epam Systems (EPAM), Carnival Corporation (CCL), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). On the other hand, holdings with the highest downside potential include Loews (L), Steris (STE), Mettler-toledo International (MTD), Hormel Foods (HRL), and NRG Energy (NRG).
The ETF Smart Score for SPY is eight, indicating that it is likely to outperform the market.
If you are interested in ETF investing, TipRanks recommends checking out their list of Top Equity ETFs with High Upside Potential.
Overall, SPY stock is showing positive performance and is expected to continue to do well in the market.