Microsoft and ServiceNow Positioned as Top Growth Stocks and Potential 2024 Stock Split Candidates After 5-Year Share Surges of 264% and 216%
-
Microsoft and ServiceNow are top growth stocks that have seen their share prices surge over 264% and 216% in the last 5 years, making them stock split candidates in 2024.
-
Microsoft is benefiting from strength in enterprise software and cloud computing, especially productivity, security, and AI services like generative AI copilots.
-
ServiceNow helps businesses digitize and streamline workflows across departments and has strong growth prospects in areas like IT service management and workflow automation.
-
Both Microsoft and ServiceNow reported strong recent financials and are expected to grow sales at double-digit rates over the next 5 years.
-
Despite premium valuations, the two stocks remain appealing long-term investments whether or not they split their stocks given their leadership positions and future growth potential.