Stock Split Watch: 2 Monster Growth Stocks Up 376% and 1,160% in 5 Years to Buy Before 2024
Some investors use stock splits as a roundabout way of finding good companies. The logic is simple enough: Forward stock splits are only necessary after substantial and sustained share price appreciation, which typically coincides with consistently strong financial results.
For instance, Nvidia (NASDAQ: NVDA) and (NASDAQ: MELI) returned 1,160% and 376%, respectively, over the last five years. That price appreciation qualifies the companies as stock-split candidates but also reflects robust sales and earnings growth on a regular basis.
More importantly, Nvidia and MercadoLibre are well positioned to maintain that momentum in the future. That means both stocks are worth buying today whether they split or not.
Source Fool.com
Mercadolibre Inc Stock
€1,786.8
-0.220%
With 28 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1848 € shows a slightly positive potential of 3.43% compared to the current price of 1786.8 € for Mercadolibre Inc.
