3 Stock-Split Stocks That Can Soar Up to 30%, According to Select Wall Street Analysts

Core Insights - Investors are increasingly attracted to companies that have enacted stock splits, viewing them as potential outperformers in volatile markets [1][2] - Stock splits are primarily cosmetic changes that do not affect a company's market capitalization or operational performance [3] - Companies conducting forward stock splits are often seen as outperforming their competition through innovation and execution [4] Nvidia - Nvidia completed a 10-for-1 forward stock split on June 7, 2024, and is expected to trade at its split-adjusted price starting June 10, 2024 [6] - Analysts predict Nvidia could see a price target of $1,500, suggesting a potential upside of 29$3.7 trillion [19] - Nvidia's dominance in AI-accelerated data centers is underscored by its GPUs accounting for around 90% of the market [20] Sony Group - Sony announced a 5-for-1 stock split in May, with shares expected to trade at their split-adjusted price on October 8, 2024 [22] - Analysts project a 26% upside for Sony, with a target price of $108, driven by growth in gaming services and image sensor demand [9][23] - The company is benefiting from an increase in PlayStation Plus subscription revenue, despite a decline in PlayStation 5 console sales [10] Lam Research - Lam Research approved a 10-for-1 forward stock split on May 21, 2024, with shares expected to trade at the split-adjusted price on October 3, 2024 [12] - Analysts have set a price target of$1,200 for Lam, indicating a potential upside of 30% over the next year [25] - The company is positioned to benefit from the growing demand for high-bandwidth memory in AI applications, although regulatory challenges may limit growth [13][14]