2 Stock-Split Stocks to Buy Before They Soar 50% and 112%, According to Certain Wall Street Analysts (Hint: Not Nvidia)
Stock splits are popular with investors. They make shares more affordable, and can also spotlight quality stocks. That's because splits are only necessary after substantial and sustained share price appreciation, which itself is often indicative of a company with solid financials and compelling growth prospects.
Nvidia (NASDAQ: NVDA) is an excellent example. The Wall Street Journal has described the chipmaker as "almost invincible" because it possesses a durable competitive advantage spanning superior hardware and a robust suite of supporting software. Nvidia shares have surged 780% since January 2023 amid unprecedented demand for artificial intelligence processors.
The company reset its soaring share price with a 10-for-1 stock split in June, its second split in three years. And Wall Street remains bullish. The stock carries a median 12-month price target of $144 per share, implying 12% upside from its current share price of $128. But certain analysts see more upside in two other stock-split stocks.
Source Fool.com
