SPY ETF Update, 11/24/2023
Market News

SPY ETF Update, 11/24/2023

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 0.86% in the past 5 days and has risen nearly 21% year-to-date.  

According to TipRanks’ unique ETF analyst consensus, determined according to a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $506.46 implies an upside of 11.30%. 

Currently, SPY’s five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), General Motors (GM), Moderna (MRNA), Albemarle (ALB), and Warner Bros. Discovery (WBD). Its five holdings with the greatest downside potential are Robert Half International (RHI), Intel (INTC), Expeditors International (EXPD), Whirlpool (WHR), and Digital Realty (DLR).

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

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

Disclosure  

Related Articles
TheFlyGeneral Motors put volume heavy and directionally bearish
TheFlyVerizon making $20B fiber buy, Topgolf and Fortive splitting up: Morning Buzz
TheFlyDollar Tree downgraded, Roku upgraded: Wall Street’s top analyst calls
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App