tiprankstipranks
SPY ETF Update, 3/27/2024 
Market News

SPY ETF Update, 3/27/2024 

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 down 0.54% in the past 5 days but has risen about 32.75% over the past year.

Don't Miss our Black Friday Offers:

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 $566.56 implies an upside of more than 9%.

Currently, SPY’s five holdings with the highest upside potential are Warner Bros. (WBD), First Solar (FSLR), Insulet (PODD), Aptiv (APTV), and Caesars Entertainment (CZR). 

Meanwhile, its five holdings with the greatest downside potential are Steel Dynamics (STLD), Airbnb (ABNB), T.Rowe Price (TROW), United Rentals (URI), and A.O. Smith (AOS). 

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.    

Disclosure 

Related Articles
TheFlyA.O. Smith price target lowered to $81 from $82 at Baird
TheFlyA.O. Smith downgraded to Neutral at DA Davidson on lack of near-term catalyst
TheFlyA.O. Smith downgraded to Neutral from Buy at DA Davidson
Go Ad-Free with Our App