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AutoZone, Meta, Costco and Eli Lilly cited as stock split candidates
The analysis says AutoZone is on track for a historic split as shares trade above $2,800 and it has not split for more than three decades.
MarketBeat Ratings highlights AutoZone, Eli Lilly, Meta Platforms, and Costco as potential stock split candidates, pointing to high share prices that analysts say reflect strong fundamentals and rising price targets.
The outlet argues that stock splits do not change company value, but can increase affordability and broaden the investor base, especially retail traders who can drive day to day trading.
MarketBeat Ratings adds that stock splits can also signal managerial confidence in future results and notes AutoZone is trading above $2,800 per share.
It also says AutoZone has not split its stock in more than three decades, with competitors like O'Reilly referenced as having split more recently.