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SPY ETF Update, 9/26/2024 

How is SPY stock faring? The SPDR S&P 500 ETF Trust is up 0.18% in the past five days and has risen 35.96% 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 $628.66 implies an upside of 10.28%.

Currently, SPY’s five holdings with the highest upside potential are Moderna ($MRNA), Micron Technology ($MU), Schlumberger ($SLB), Dexcom ($DXCM), and Halliburton ($HAL).

Meanwhile, its five holdings with the greatest downside potential are Palantir ($PLTR), Tesla Motors ($TSLA), Allegion ($ALLE), Caterpillar ($CAT), and AFLAC ($AFL).

Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market. 

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Radhika Saraogi
With experience of over six years in the equity research domain, Radhika Saraogi joined TipRanks as a stock news and financial analysis writer in 2021. Over the years, she has followed and analyzed U.S. companies across various industries, with a primary focus on banks and asset management stocks. Previously, Radhika worked with Zacks Investment Research, Inc. Radhika pursued her education in India, where she graduated with a bachelor’s degree in Finance and has cleared seven papers of Actuarial Science. Radhika continues to build her expertise in the domain by pursuing a professional course to attain Chartered Financial Analyst designation. Currently, she is living in Bangalore, India, with her husband. As hobbies, Radhika loves to explore new places and master cooking skills.