Shares of Amazon ( AMZN 2.77% ) and Alphabet ( GOOGL 3.24% ) ( GOOG 3.02% ) have fallen a few percentage points year to date despite a 2% return in the benchmark S&P 500 ( ^GSPC 1.03% ) . But certain Wall Street analysts anticipate substantial gains in those stocks in the next 12 months, as detailed below:

Ivan Feinseth at Tigress Financial has set Amazon with a target price of $305 per share. That implies 44% upside from its current share price of $212. It also implies a market value of $3.2 trillion.

Paul Chew at Phillip Securities has set Alphabet with a target price of $250 per share. That implies 45% upside from its current share price of $172. It also implies a market value of $3 trillion.

Here's what investors should know about Amazon and Alphabet.

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