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SPY ETF Update, 2/22/2024 – TipRanks.com

SPY stock, also known as the SPDR S&P 500 ETF Trust, has seen a slight decrease of 0.22% in the past 5 days. However, over the past year, it has risen by about 27%, showing strong performance. According to TipRanks, an ETF analyst consensus rates SPY as a Moderate Buy. The average price target set by analysts is $554.54, indicating a potential upside of 11.5%.

Among SPY’s top holdings with high upside potential are companies like Newmont Mining (NEM), Moderna (MRNA), and Warner Bros (WBD). On the other hand, holdings with the greatest downside potential include United Rentals (URI) and Southwest Airlines (LUV). SPY’s ETF Smart Score of eight suggests that it is likely to outperform the market.

For investors looking to enhance their ETF investing strategy, TipRanks offers insights into the top equity ETFs with high upside potential. Stay informed and make informed decisions with TipRanks’ analysis.

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