CZR

SPY ETF Update, 5/23/2024  

How is SPY stock faring? The SPDR S&P 500 ETF Trust has been almost flat in the past 5 days and has risen about 30% over the past year.

According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $584.41 implies an upside of more than 10%. 

Currently, SPY’s five holdings with the highest upside potential are Illumina (ILMN), Lululemon Athletica (LULU), MGM Resorts (MGM), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Steris (STE), Mettler-toledo International (MTD), Hormel Foods (HRL), and Moderna (MRNA).

Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market. 

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.     

Disclosure  

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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