Tech stocks like Netflix, Spotify, and Meta Platforms may split due to market gains

From Nasdaq: 2024-10-16 05:15:00

The stock market has been performing exceptionally well this year, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Index showing significant gains. As a result, stock splits are expected, and three tech stocks that could potentially split include Netflix, Spotify Technology, and Meta Platforms.

Netflix, currently trading at over $700 per share, is a strong contender for a stock split announcement soon. Despite facing stiff competition, the company has seen a revenue increase of 22% over the last three years, with an operating margin of 24%.

Spotify Technology, with its shares almost doubling in value this year, could also be gearing up for its first-ever stock split. The company’s improved profitability, through cost-cutting measures and subscription fee increases, makes it a strong candidate for a split.

Meta Platforms has seen a remarkable surge in its stock value this year, up 68% year-to-date. While investors hope for a stock split, the company has never split its shares to date. Despite this, Meta’s growth and profitability make it an attractive investment option.

Investors looking for potentially lucrative opportunities should consider “Double Down” stock recommendations for companies poised to perform well in the market. With historical returns like $21,122 from investing in Amazon back in 2010, these alerts offer a potential second chance for profitable investments in promising companies.



Read more at Nasdaq: Stock-Split Watch: 3 Unbeatable Tech Stocks That Look Ready to Split