VOO ETF Shows Positive Growth, Analysts Recommend Hold

Recent report highlights Vanguard S&P 500 ETF (VOO) rising 34.46% over the past year, with a 1.05% increase in the last five days. Analysts maintain a 'Hold' recommendation while projecting a 10.23% price target upside.

Date: 08-10-2024

AI Rating: 7

The report outlines the solid performance of the Vanguard S&P 500 ETF (VOO), indicating a strong growth trajectory over the past year. Here are the key elements:

Performance: The ETF has increased by 34.46% in the last year, reflecting a positive trend. Additionally, in the past five days, it has risen by 1.05%. This strong overall performance suggests that investor confidence is relatively high.
Price Target: Analysts have set an average price target of $580.54 for VOO, which implies a potential upside of 10.23%. This projection indicates positive expectations for VOO's future performance in the market.
Hold Consensus: The consensus from analysts suggests that VOO is classified as a 'Hold'. This rating indicates that while there is potential for growth, investors are advised to wait before making any significant moves.
Smart Score: VOO’s Smart Score is noted to be seven, indicating expected performance in line with the broader market. This assessment suggests that the ETF may not significantly outperform or underperform compared to its peers.

Regarding individual stocks within its holdings, VOO's highest upside potentials are attributed to companies like Super Micro Computer (SMCI) and Biogen (BIIB), while Tesla (TSLA) and Caterpillar (CAT) are highlighted as those with greater downside potential. The report provides insight into components that may affect the overall performance of the ETF based on market fluctuations of these key stocks.

Stocks: VOO SMCI BIIB MRNA MU LKQ TSLA CAT AFL LUV ALLE