SPY ETF Update, 7/16/2024   – TipRanks.com

The SPDR S&P 500 ETF Trust (SPY) has seen minimal movement in the past 5 days, with an increase of less than 0.01%. However, year-to-date, it has risen by approximately 18.6%. According to TipRanks’ ETF analyst consensus, SPY is rated as a Moderate Buy. The Street’s average price target for SPY is $687.78, suggesting a potential upside of over 22%.

Among SPY’s top five holdings with the highest upside potential are Broadcom (AVGO), Delta Air Lines (DAL), Wynn Resorts (WYNN), Warner Bros. Discovery (WBD), and United Airlines Holdings (UAL). On the other hand, SPY’s holdings with the greatest downside potential include Loews (L), Arista Networks (ANET), Teradyne (TER), Qorvo (QRVO), and Tesla (TSLA).

SPY’s ETF Smart Score is eight, indicating that it is likely to outperform the market. If you’re interested in ETF investing, consider exploring the Top Equity ETFs with High Upside Potential recommended by TipRanks.

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