2 Unstoppable Stock-Split Growth Stocks That Could Soar 51% and 64%, According to Wall Street

Core Viewpoint - The resurgence of stock splits is a notable market trend, making shares more affordable for everyday investors and often reflecting strong operating results from companies [1][2]. Group 1: Stock Split Overview - Companies that conduct stock splits typically see an average stock price increase of 25% in the year following the announcement, compared to 12% for the S&P 500 [3]. - The article highlights two recent stock-split stocks, Netflix and ServiceNow, which are seen as having significant upside potential [3]. Group 2: Netflix Analysis - Netflix has experienced a stock price increase of 23% this year and 755% over the past decade, leading to a 10-for-1 stock split [4]. - The company reported record revenue of $11.5 billion in Q3, a 17% year-over-year increase, with diluted EPS rising 27% [6]. - Analysts are optimistic about Netflix, with 69% rating it a buy or strong buy, and an average price target of $135, suggesting a 27% upside [7]. Group 3: ServiceNow Analysis - ServiceNow's stock is down nearly 24% over the past year, prompting a 5-for-1 stock split, despite its current price being above $800 [9]. - The company reported Q3 revenue of $3.4 billion, a 22% increase, with adjusted EPS rising 29% [11]. - ServiceNow's remaining performance obligation (RPO) increased by 24% to $24.3 billion, indicating potential future growth [12]. - Wall Street is bullish on ServiceNow, with 91% of analysts rating it a buy or strong buy, and an average price target of $1,155, implying a 44% upside [13].