Stocks splits have no direct impact on a business aside from reducing its share price, but they can still be a useful indicator for investors. Stock splits are only necessary following substantial and lasting share price appreciation, which itself tends to correlate with strong financial results.

Several companies that have split their stocks recently have also outperformed the broader S 500 (SNPINDEX: ^GSPC) over the last five years, including:

Wall Street sees Nvidia as the best buy of the bunch. Apple's median 12-month price target of $202 per share implies 15% upside from its current price, and Tesla's median 12-month price target of $275.10 per share implies just 3% upside. But Nvidia's median 12-month price target of $622.50 per share implies 39% upside from its current price.

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Source Fool.com