SPY ETF Update, 2/22/2024
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SPY ETF Update, 2/22/2024

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Let’s take a quick look at how the SPDR S&P 500 ETF Trust has been performing.

How is SPY stock faring? The SPDR S&P 500 ETF Trust is down 0.22% in the past 5 days but has risen about 27% over the past year.  

According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $554.54 implies an upside of 11.5%.  

Currently, SPY’s five holdings with the highest upside potential are Newmont Mining (NEM), Moderna (MRNA), Warner Bros (WBD), Caesars Entertainment (CZR), and Carnival (CCL). Its five holdings with the greatest downside potential are United Rentals (URI), Robert Half International (RHI), Southwest Airlines (LUV), Viatris (VTRS), and Whirlpool (WHR). 

Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.    

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.    



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