SPY ETF Update, 4/10/2024 
Market News

SPY ETF Update, 4/10/2024 

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 up 0.94% in the past 5 days and has risen about 29% 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 $569.57 implies an upside of 9.68%.

Currently, SPY’s five holdings with the highest upside potential are On Semiconductor (ON), Warner Bros. (WBD), Carnival Corporation (CCL), Biogen (BIIB), and Charter Communications (CHTR). 

Meanwhile, its five holdings with the greatest downside potential are Steel Dynamics (STLD), Caterpillar (CAT), Hormel Foods (HRL), Cummins (CMI), and Airbnb (ABNB). 

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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