ETFs
SPY ETF Update, 05/15/2024 – TipRanks.com
How is SPY stock doing? THESPDR S&P 500 ETF Trustis up 0.22% over the last 5 days and has increased by around 28% over the past year.
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings of its holdings, SPY is a Moderate Buy. The Street’s average price target of $579.71 implies an upside of more than 11%.
Currently, the five SPY stocks with the highest upside potential are MGM Resorts (MGM), Epam Systems (EPAM), Carnival Corporation (CCL), Discovery of Warner Bros. (WBD), and Caesars Entertainment (CZR).
Meanwhile, its five stocks with the greatest downside potential are Loews (L), Steris (STE), Mettler-Toledo International (BAT), Hormel Foods (HRL), and the waters (WHAT).
Tellingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.
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