SPY ETF Update, 11/12/2024 
Market News

SPY ETF Update, 11/12/2024 

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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 up 0.85% in the past five days and has risen 37.73% 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 $650.24 implies an upside of 8.6%.

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Super Micro Computer (SMCI), AES Corporation (AES), Enphase Energy (ENPH), and Biogen (BIIB). 

Meanwhile, its five holdings with the greatest downside potential are Palantir Technologies (PLTR), Tesla (TSLA), Old Dominion Freight Line (ODFL), Paycom (PAYC), and Garmin (GRMN).

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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