Breaking down the trillion-dollar club now that Facebook is a member. The best one to own from here

Published Tue, Jun 29 20212:08 PM EDTUpdated Tue, Jun 29 20213:04 PM EDT

Facebook just joined the exclusive trillion-dollar club, and CNBC Pro broke down where these valuable members are headed next. The trillion-dollar club — which includes the five stocks with a market capitalization of more than $1 trillion — is made up of Apple , Microsoft , Amazon , Google-parent Alphabet and its newest member, Facebook . On Monday, Facebook shares rose more than 4% following a court decision that dismissed both federal and state antitrust complaints against the social media giant. The stock's jump pushed the social media company's market value above $1 trillion. CNBC Pro screened for what Wall Street analysts expect for the five companies over the next year. Based on average 12-month price targets, Amazon is expected to rally the most with an average upside of 24%, which would bring the e-commerce giant's market valuation to $2.22 trillion in the next year, according to FactSet. Amazon is forecast to nearly eclipse software giant Microsoft, which is expected to be worth $2.27 trillion a year from now. Amazon — a major beneficiary of the pandemic — saw its sales surge 44% in the first quarter . Earnings and revenue also blew past analyst estimates. "We believe Amazon is well positioned as the market leader in e-commerce and public cloud, where the secular shifts remain early," JPMorgan equity analyst Doug Anmuth told clients in a recent note. "We believe Amazon's flexibility in pushing first-party vs. third- party inventory and its Prime offering both serve as major advantages in its retail business, and its multi-year head starting the cloud has led to a 40%+ AWS global market share." Anmuth also said Amazon is starting to show more profit, with its high-growing AWS and Advertising revenue streams also its most profitable. Wall Street sees Apple keeping the No. 1 spot and gaining nearly 17% in the next 12 months, which would bring the Tim Cook-led tech giant to a market capitalization of $2.67 trillion. Apple reported a blowout first quarter , announcing company wide sales up 54% higher than last year, and posting significantly stronger profits than Wall Street expected. Last week , Morgan Stanley's Apple analyst Katy Huberty — Institutional Investor's No. 1 ranked analyst in 2020 for technology hardware — said Apple is a great long-term buying opportunity at its current level. "We believe the current valuation presents a good long-term buying opportunity," said Huberty, who has an outperform rating on Apple. $2 trillion for Google? Google-parent Alphabet is forecast to rally nearly 14% in the next 12 months to a market capitalization of nearly $2 trillion. "We see Alphabet as one of the tech industry's leaders, along with Facebook, Apple, Amazon, and Microsoft," Argus analyst Joseph Bonner told clients. "These companies have come to dominate new developments in mobile, public cloud, and big data analytics, as well as emerging areas such as artificial intelligence and virtual/augmented reality." Bonner said that although Alphabet is facing antitrust investigations in the U.S. and internationally, the cases will take years to play out in court and could be difficult to prove. New legislation, while a threat, may also face difficulty in a divided U.S. Congress, according to Argus. Most notably, Google is quickly recovering from a Covid-19-induced advertising slump. Alphabet easily topped expectations for earnings and revenue in the first quarter, and YouTube's advertising business was strong. "We see continued momentum as e-commerce and digital advertising have burgeoned with economic recovery," Bonner said. "GOOGL shares appear attractively valued given the company's rapidly expanding businesses." New member love Facebook is expected to gain about 9% in the next year toward a market capitalization of $1.14 trillion, according to FactSet's collection of analysts' targets. Facebook beat on both earnings and revenue in the first quarter. Revenue rose 48% since last year due to higher price ads, the company said. Facebook attributed its massive revenue growth to a 30% increase in the average price per ad, as well as a 12% increase in number of ads shown. Facebook derives nearly all of its revenue from personalized advertisements that are shown to users of the Facebook and Instagram social networks. The company also has a burgeoning hardware business where it is building products like the Portal video-calling device, Oculus virtual-reality headsets and smart glasses, which are set to be released sometime in 2021. Facebook held its initial public offering in May 2012, debuting with a market cap of $104 billion. — with reporting from CNBC's Michael Bloom and Salvador Rodriguez.

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Facebook just joined the exclusive trillion-dollar club, and CNBC Pro broke down where these valuable members are headed next.