SPY ETF Update, 4/2/2024 
Market News

SPY ETF Update, 4/2/2024 

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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 down 0.16% in the past 5 days but 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 $565.59 implies an upside of more than 8%.

Currently, SPY’s five holdings with the highest upside potential are Old Dominion Freight Line (ODFL), On Semiconductor (ON), Warner Bros. (WBD), Insulet (PODD), and Carnival Corporation (CCL). 

Meanwhile, its five holdings with the greatest downside potential are Steel Dynamics (STLD), T.Rowe Price (TROW), United Rentals (URI), Airbnb (ABNB), and Robert Half International (RHI). 

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.    

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