This is a news story, published by MSN, that relates primarily to MercadoLibre news.
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Stock splitsThe Motley Fool
•
83% Informative
Stock splits don't actually make a stock fundamentally cheaper, but they merely cut a single share into smaller slices to reduce the trading price.
Investors should still pay attention to which hot tech stocks might split in the future.
I think these three companies might be ripe for stock splits: MercadoLibre , ASML , and Salesforce.
Salesforce's stock looks historically cheap at 26 times its forward adjusted earnings.
But a split might make its stock, which has slipped about 3% over the past six months , a bit more appealing.
From fiscal 2024 to fiscal 2027 , analysts only expect its revenue to grow at a CAGR of 9% .
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