SPY ETF Update, 10/09/2024 – TipRanks.com

How is SPY stock performing? The SPDR S&P 500 ETF Trust is up 0.14% in the last 5 days and is up about 21.69% year-to-date.

SPY is a Moderate Buy, according to TipRanks’ unique ETF analyst consensus, which is determined based on a weighted average of analyst ratings of its holdings. The average price target of $636.29 implies an upside potential of more than 11%.

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), LKQ (LKQ), Micron (MU), Biogen Inc. (BIIB), and News Corp. (NWSA).

Meanwhile, the five holdings with the most downside potential are Palantir (PLTR), Tesla Motors (TSLA), International Business Machines (IBM), Caterpillar (CAT), and AFLAC (AFL).

What’s telling is that SPY’s ETF Smart Score is at seven, meaning this ETF is expected to perform in line with the broader market

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