SPY ETF Update, 10/30/2024 
Market News

SPY ETF Update, 10/30/2024 

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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 0.01% in the past five days but has risen 41.65% 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 $639.05 implies an upside of 9.84%.

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Schlumberger (SLB), Halliburton (HAL), Biogen (BIIB), and LKQ Corp. (LKQ). 

Meanwhile, its five holdings with the greatest downside potential are Palantir Technologies (PLTR), Tesla (TSLA), Marketaxess (MKTX) Airbnb (ABNB), and Boston Properties (BXP).

Revealingly, SPY’s ETF Smart Score is seven, implying that this ETF is likely to perform in-line with 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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