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SPY ETF Update, 12/24/2024  
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SPY ETF Update, 12/24/2024  

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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 0.73% in the past 5 days and has risen about 26% year-to-date.

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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 $665.67 implies an upside of more than 11.9%. 

Currently, SPY’s five holdings with the highest upside potential are Biogen (BIIB), Tractor Supply (TSCO), Devon Energy (DVN), Moderna (MRNA), and Caesars Entertainment (CZR)

Meanwhile, its five holdings with the greatest downside potential are Palantir (PLTR), Tesla Motors (TSLA), Super Micro Computer (SMCI), Hilton Worldwide Holdings (HLT), and Deckers Outdoor (DECK).

Revealingly, SPY’s ETF Smart Score is seven, 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.     

Disclosure  

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