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There's been quite a bit of hoopla this year over several big companies conducting stock splits. However, those stock splits haven't served as major catalysts in most cases.

But some of those stocks just might be able to deliver big gains over the next 12 months. Here are three stock-split stocks that are set to soar 33% to 133%, according to Wall Street.

Amazon (AMZN -2.18%) didn't get much of a bounce from its 20-for-1 stock split conducted in June. Instead, shares of the e-commerce and cloud giant fell in the days after the split.

Wall Street remains optimistic about Amazon's prospects, though. The consensus price target for the stock reflects a 33% upside potential over the next 12 months.

How might Amazon deliver such a strong return? The company's e-commerce business faces challenges with inflation and supply chain disruptions. If those headwinds die down (which seems quite possible), the outlook for Amazon's biggest business could improve.

Amazon's biggest growth driver, though, is its Amazon Web Services (AWS) cloud hosting segment. AWS should be likely to continue growing, regardless of what happens with the overall economy. If a recession doesn't materialize, however, that growth could be better than expected and lead to a strong rebound for Amazon stock.

It would be an exaggeration to say that no one paid attention toBrookfield Infrastructure's (BIP -1.55%) (BIPC 1.57%) 3-for-2 stock split in June. However, this transaction definitely didn't receive the coverage that stock splits by Amazon and other big companies did.

Brookfield Infrastructure has managed to do what most of those other stock-split stocks haven't by delivering a positive return so far in 2022. Analysts think the infrastructure stock could move a lot higher, too. The average one-year price target for the stock is 35% above the current share price.

Brookfield Infrastructure owns a diversified portfolio of assets across the world. Some of those assets, especially its 16,200 kilometers of natural gas pipelines, could enjoy higher demand with the prevailing energy market dynamics.

The dynamics for the stock market could continue to help Brookfield Infrastructure, as well, if the current volatility persists. This stock is one that risk-averse investors should love. The company's infrastructure assets generate reliable revenue. Brookfield Infrastructure also offers an attractive distribution that's increased by a compound annual growth rate of 10% since 2009.

Shopify (SHOP -6.26%) also conducted a stock split in June, giving shareholders 10 shares for every share they previously held. This split didn't cause a surge in Shopify's share price, though.

2022 has been a brutal year for Shopify. Its stock has plunged more than 75% year to date. Macroeconomic worries have hurt to some extent, resulting in slowing e-commerce growth. Shopify's investments in other publicly traded companies whose share prices have tumbled also contributed to the company posting net losses.

Wall Street analysts are very bullish about Shopify, though. The consensus price target for the stock reflects an upside potential of 133%.

What would be required for Shopify's share price to more than double over the next 12 months? An overall stock market rebound would help tremendously. That could cause investors to again flock to growth stocks such as Shopify.

Shopify also continues to expand its platform with new services. If these efforts pay off by attracting significant numbers of new merchants, Shopify's share price could make an impressive comeback.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Amazon, Brookfield Infrastructure Corporation, and Brookfield Infrastructure Partners. The Motley Fool has positions in and recommends Amazon and Shopify. The Motley Fool recommends Brookfield Infra Partners LP Units, Brookfield Infrastructure Corporation, and Brookfield Infrastructure Partners and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy.

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3 Stock-Split Stocks Set to Soar 33% to 133%, According to Wall Street - The Motley Fool