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SPY ETF Update, 12/2/2024 
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SPY ETF Update, 12/2/2024 

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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 0.3% in the past five days and has risen 33.72% over the past year.

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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 $660.04 implies an upside of 9.54%.

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), AES Corporation (AES), Biogen (BIIB), Micron Technology (MU), and Celanese (CE). 

Meanwhile, its five holdings with the greatest downside risk are Palantir Technologies (PLTR), Tesla (TSLA), Paycom (PAYC), Franklin Resources (BEN), and Old Dominion Freight Line (ODFL).

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

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