SPY ETF Update, 6/11/2024  
Market News

SPY ETF Update, 6/11/2024  

Story Highlights

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 up 0.10% in the past 5 days and has risen about 12.7% year-to-date.

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 $610.58 implies an upside of more than 14%. 

Currently, SPY’s five holdings with the highest upside potential are Nvidia (NVDA), Global Payments (GPN), Schlumberger (SLB), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Texas Instruments (TXN), Teradyne (TER), Expeditors International (EXPD), and Moderna (MRNA).

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.     


Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App