Better Stock-Split Buy: Nvidia or Chipotle?
Step aside, Chipotle Mexican Grill (NYSE: CMG). There's a more heavily anticipated stock split on the way now. Nvidia (NASDAQ: NVDA) announced in its first-quarter update last week that it plans to conduct a 10-for-1 stock split effective June 7, 2024. Chipotle's board of directors approved a 50-for-1 stock split in March that's expected to take effect on June 26, 2024.
Nvidia has been the bigger winner by far so far this year. The GPU maker's shares have skyrocketed more than 125% compared to a gain of more than 35% for Chipotle. But which is the better stock-split buy now: Nvidia or Chipotle?
First things first: Forget about the stock splits. I know many investors get excited about them and I led off this article talking about them, but they're practically meaningless.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
