AES

SPY ETF Update, 12/2/2024 

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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Disclosure 

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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