Fiordland Moose has a better feel for SPY than I have so he may be able to comment much much better.
I note that consensus forecasts have been upgraded for F24 and F25 since the excellent interim results reported in Nov 2022 confirmed that SPY is on a high growth trajectory.
I must be frank and say that I would be contented after investing at 76c to see $1.00 (31% gain) by March 2023 so if it gets to $1.50 by end of 2023, I would be very happy.