Analysts Predicted High Upside for SPDR Portfolio S&P 500 Growth ETF
At ETF Channel, we analyzed the underlying holdings of various ETFs and compared their trading prices to the average 12-month forward target prices set by analysts. For the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG), the calculated implied target price stands at $99.73 per unit based on its underlying assets.
Currently, SPYG is trading at approximately $76.58 per unit. This indicates a potential upside of 30.23%, according to analysts’ forecasts for its holdings. Notably, three holdings in SPYG show significant potential for price appreciation: Las Vegas Sands Corp (Symbol: LVS), United Airlines Holdings Inc (Symbol: UAL), and Applied Materials, Inc. (Symbol: AMAT). For instance, LVS recently traded at $32.77 per share but has a much higher average target price of $56.58 per share, suggesting an upside of 72.66%. Similarly, UAL is currently at $66.30, with analysts targeting $103.84, translating to a 56.62% increase. Meanwhile, AMAT, priced at $137.46, has a target price of $204.78, an increase of 48.97%.
Below is a twelve-month price history chart illustrating the performance of LVS, UAL, and AMAT:
Here’s a summary of the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR Portfolio S&P 500 Growth ETF | SPYG | $76.58 | $99.73 | 30.23% |
| Las Vegas Sands Corp | LVS | $32.77 | $56.58 | 72.66% |
| United Airlines Holdings Inc | UAL | $66.30 | $103.84 | 56.62% |
| Applied Materials, Inc. | AMAT | $137.46 | $204.78 | 48.97% |
Investors may ponder whether these analyst targets are justified or overly optimistic. Do the analysts’ assessments reflect a valid outlook based on current company and industry developments? A high target price compared to a stock’s trading price can indicate optimism but could also suggest potential downgrades if those targets are outdated. These considerations warrant further research by investors.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• CEF Channel
• JE Historical Stock Prices
• Top Ten Hedge Funds Holding LSH
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
