08.09.2024 00:02:00

3 Stock-Split AI Stocks to Buy Before They Surge as Much as 240%, According to Select Wall Street Analysts

The past few years have seen a return to the popularity of stock splits. The practice was a regular occurrence during the 1990s and had fallen by the wayside, but has experienced a renaissance in recent years. A stock split is typically the result of years of strong business and financial results, which fuel a soaring stock price. Over the past year or so, artificial intelligence (AI) has added a new element to the mix, propelling some companies to dizzying new heights.What's even more intriguing is that history shows the strong performances that precede stock splits tend to continue. Companies that conduct stock splits generally deliver stock price increases of 25%, on average, in the year following the announcement, compared with average increases of 12% for the S&P 500, according to data compiled by Bank of America analyst Jared Woodard.Here are three stock-split AI stocks that still have a long runway ahead, according to select Wall Street analysts.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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