At a Glance
- Analysts have set an implied target price of $118.18 per unit for the SPDR Portfolio S&P 500 Growth ETF (SPYG).
- This suggests a potential upside of 9.73% for SPYG, considering recent trading prices near $107.70.
- Key holdings within SPYG, including Altria Group (MO), Tapestry Inc (TPR), and Hilton Worldwide Holdings (HLT), show significant potential upside.
- MO has an implied upside of 10.43%, TPR 10.17%, and HLT 9.89% based on current analyst expectations.
Analyzing SPYG’s Upside Potential
Examining the underlying holdings of exchange-traded funds (ETFs) provides insight into their investment potential. By comparing current trading prices with average analyst 12-month forward target prices, a weighted average implied analyst target price for each ETF can be calculated.
For the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG), this analysis reveals an implied analyst target price of $118.18 per unit, derived from its constituent companies.
With SPYG currently trading around $107.70 per unit, this valuation suggests a projected upside of 9.73% for the ETF, reflecting the consensus analyst sentiment for its underlying components.
Assessing Key Holdings with Significant Upside
Within SPYG’s portfolio, several companies stand out for their notable potential upside according to analyst targets. Among these are Altria Group Inc (Symbol: MO), Tapestry Inc (Symbol: TPR), and Hilton Worldwide Holdings Inc (Symbol: HLT).
Altria Group (MO) is currently trading at approximately $57.13 per share. The average analyst target price indicates a potential increase of 10.43%, forecasting a target of $63.09 per share.
Similarly, Tapestry Inc (TPR) is trading at $111.37 per share. Analysts anticipate a 10.17% upside, with an average target price of $122.70 per share.
Hilton Worldwide Holdings Inc (HLT) has a recent share price of $260.18. Analysts, on average, project a target price of $285.91 per share, representing an anticipated upside of 9.89%.
Analyst Target Price Summary for SPYG Constituents
The following table provides a summary of current analyst target prices for SPYG and its highlighted underlying holdings:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR Portfolio S&P 500 Growth ETF | SPYG | $107.70 | $118.18 | 9.73% |
| Altria Group Inc | MO | $57.13 | $63.09 | 10.43% |
| Tapestry Inc | TPR | $111.37 | $122.70 | 10.17% |
| Hilton Worldwide Holdings Inc | HLT | $260.18 | $285.91 | 9.89% |
Understanding Analyst Optimism and Potential Pitfalls
A crucial consideration for investors is the realism of these analyst price targets. It is essential to investigate the underlying reasoning for these projections, taking into account current company performance, industry trends, and overall market dynamics.
While a significant upside difference between a stock’s current price and its analyst target may signal positive future expectations, it could also suggest targets that haven’t been adjusted for recent developments. This scenario might lead to future downgrades. Therefore, thorough due diligence is recommended for investors to validate these analyst projections.
Final Thoughts
This analysis provides a view of the potential upside for the SPDR Portfolio S&P 500 Growth ETF (SPYG) based on aggregated analyst price targets for its underlying holdings. Companies such as Altria Group, Tapestry Inc, and Hilton Worldwide Holdings are noted for their considerable growth potential according to current analyst consensus.
Investors are encouraged to conduct their own independent research to evaluate the validity of these analyst forecasts in the context of evolving market conditions and company-specific factors.