Stock splits, which occur when a company divides its existing shares into multiple shares, effectively increasing the outstanding shares while maintaining the same market capitalization, have been all the rage on Wall Street over the past few years,

Shares of Taiwan Semiconductor Manufacturing soared over 100% during the last 12 months, placing the chip giant in rare company -- the trillion-dollar club.

Shares of ServiceNow have gained more than 4,000% since the company went public, and the stock is now hovering near an all-time high.

Palantir, MicroStrategy, and Soundhound AI stocks skyrocketed in 2024. Wall Street thinks two of these high-flying stocks will fall over the next 12 months. However, analysts are very bullish about one of the stocks with a price target reflecting an upside potential of 42%.