Stock-split stocks like Nvidia, Broadcom, and Super Micro Computer are expected to soar, according to analysts.

From Nasdaq: 2024-08-10 18:05:00

The return of stock splits has caught the eye of investors, indicating strong company performance. Data shows that companies conducting forward stock splits see share price increases of 25% on average. Wall Street analysts believe three stock-split stocks, including Broadcom, have significant growth potential, with implied upside of 76%. Wall Street is bullish on these companies, with strong buy ratings from analysts.

Nvidia, a leading GPU supplier for various industries, saw record revenue surge in the first quarter of fiscal 2025 – up 262% year over year. Wall Street expects further growth, with an implied upside of 99% based on a high price target. Analysts believe Nvidia’s integrated software with AI processors provides a competitive edge, potentially leading to significant future sales growth.

Super Micro Computer, known for custom servers and AI processing, reported record revenue in the fourth quarter of fiscal 2024 – up 143% year over year. Despite concerns about profit margin decline, some see potential for shares with an implied upside of 204%. The company’s performance and growth potential have led analysts to predict significant sales increases in the coming years.

Despite their attractive prospects, Nvidia, Broadcom, and Supermicro remain reasonably priced compared to the broader market. These stock-split stocks offer investors solid future potential and room for growth. Wall Street analysts are bullish on these companies, with buy ratings and high price targets supporting their long-term prospects. Investors looking for strong growth potential may find these stocks worth exploring for their portfolios.



Read more at Nasdaq: 3 Stock-Split Stocks to Buy Hand Over Fist Before They Soar as Much as 204% According to Select Wall Street Analysts