7 Virtual Reality Stocks to Buy to Bet on the Coming VR Boom

Virtual reality presents great opportunities for investors. Not only is this market expected to grow from about $117 billion today to $227.7 billion by 2029, but most of his top VR stocks are incredibly oversold. increase.

Better yet, virtual reality stocks are only gaining popularity in multiple sectors, including healthcare, gaming, entertainment, real estate, retail, and education. The technology is also being used to train staff members and medical professionals, as seen in real-time online VR meetings. And more and more businesses want to use VR to enhance their shopping experience, and the e-commerce giant is making the move to VR to do just that.

Attorney Peter J. Lamont said: For example, by having all employees wear VR headsets, you can conduct meetings with employees in different locations. This allows employees to communicate and collaborate more effectively than traditional video conferencing. ”

In short, we see great opportunities moving forward.

With that in mind, investors may want to keep an eye on these seven virtual reality stocks that I see as the best opportunities right now.

VERS	ProShares Metaverse ETF	$29.62
RBLX	roblox	$42.57
MSFTMore	microsoft	$236.15
AAPL	apple	$143.39
NVDA	NVIDIA	$121.94
MTTR	matter port	$3.40
cormorant	unity software	$30.51

ProShares Metaverse ETF (VERS)

One of the best ways to diversify your portfolio at minimal cost is through Exchange Traded Funds (ETFs).In the virtual reality world, one such leading ETF is ProShares Metaverse ETF (New York Stock Exchange: VERS).

This ETF allows investors to tap into virtual and augmented reality opportunities with stocks such as: Lumentum Holdings (Nasdaq:light), Advanced Micro Devices (Nasdaq:AMD), Immersion Corporation(Nasdaq:IMMR), Vujix Co., Ltd. (Nasdaq:Bulli), Qualcomm (Nasdaq:Qucom), Amazon (Nasdaq:AMZN), When microsoft (Nasdaq:MSFTMore) to give some examples. Currently priced at around $30, investors can invest in all of these stocks. The VERS ETF currently has an expense ratio of 0.58%. This is slightly above the average ETF expense ratio, but still a reasonable price for the diversification this ETF offers.

Roblox (RBLX)

Most investors have heard of the Metaverse by now. at this point, roblox (New York Stock Exchange:RBLX) is the closest thing to the mainstream social metaverse, with a mission to build a human collaborative experience platform that allows billions of users to come together to play, learn, communicate, explore and expand friendships. I’m doing it.

The company’s stock has also started to rise, with reported 57.8 million daily active users last quarter, up 23% year-over-year. Hours worked soared to his 4 billion hours, up 16% year-over-year. Even better, estimated bookings were $212 million to $219 million, up 11% to 15% year over year.

Microsoft (MSFTMore)

Microsoft collaborates meta platform (Nasdaq:meta) to change the way people work and play in virtual reality environments. The collaboration includes Microsoft’s services such as Teams, Office and Xbox Cloud Gaming, coming to Meta’s Quest VR headset.

As quoted by TheVerge.com, CEO Satya Nadella said: “You can connect, share and collaborate as if you were meeting in person.”

Citi analyst Tyler Radke expressed concern about Microsoft reporting weak numbers ahead of the company’s earnings on October 25th. However, he still has a buy rating on the stock and a price target of $282. This is based on Microsoft’s belief that cloud-related revenue streams will expand operating margins and continue to grow at double-digit levels. Barons.

Currently, Microsoft stock appears oversold at $236.15. From this price, expect the tech giant to recover to his $310. In the meantime, investors can expect a 1.14% dividend yield as they wait for his MSFT share price to recover.

Apple (AAPL)

According to MacRumors.com, Apple is rumored to be working on ways to implement virtual and augmented reality into iOS devices and new hardware products. Additionally, the company plans to release his AR-VR product by 2023.

“Apple analyst Ming-Chi Kuo and bloomberg.

Even better, Apple CEO Tim Cook is a big fan of virtual reality. “I think AR is a profound technology that impacts everything,” Cook said. CNBC“Imagine suddenly being able to teach or demonstrate with AR, or medically, etc. I’m going to think about how I used to live.”

As for earnings, Apple is expected to release figures on October 27th. Morgan Stanley analyst Erik Woodring believes the company will beat expectations. He also has an overweight rating on the stock, with a price target of $177 per share.

NVIDIA (NVDA)

NVIDIA (NVDA) is another virtual reality stock to consider.

After all, Nvidia created Omniverse, a platform for connecting 3D worlds. Motley Fool contributor Trevor Jennewine said:

The company also launched Omniverse Cloud for the industrial metaverse.

It enables companies to design new products, processes and even facilities in a virtual world before they are brought to market. Lowes (New York Stock Exchange:low), for example. We partnered with Nvidia and Magic Leap to create interactive store digital twins or virtual models of real-world objects.

Also, according to PYMNTS.com, “Nvidia Omniverse Enterprise Metaverse technology is being used to build a digital twin for German rail operator Deutsche Bahn, a network of 5,700 stations and 20,500 miles of track. We can monitor the entire operation in real time.”

Matterport (MTTR)

next, matter port (Nasdaq:MTTR), with significant exposure to the digital twin. In fact, the company believes the total market it can serve is about $240 billion. This includes his over 4 million digital buildings in various industries.

The bottom line wasn’t too shabby either. In the first quarter, the company’s total subscribers grew 70% year-over-year to 562,000. Earnings jumped him to $28.5 million, putting him $1 million above the guidance cap. Additionally, his non-GAAP loss of 10 cents per share for the company beat expectations for him by 3 cents. Plus, Matterport has over $600 million of his cash on hand.

Unity Software (cormorant)

unity software (New York Stock Exchange:cormorant), as its name suggests, is a software platform provider that enables customers to develop 2D and 3D content for various gadgets. These include virtual and augmented reality platforms.

Most recently, Needham analyst Bernie McTernan launched a buy valuation on Unity with a $50 price target. He said Unity’s software is some of the best in the world.

Unity’s Create platform is “best in class and should benefit from the growing demand for real-time, interactive 3-D content in games and beyond,” he added. BaronsHe also pointed to price increases. This can be a substantial earnings driver in the long run.

As of the issuance date, Ian Cooper did not have any positions (directly or indirectly) in the securities mentioned. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines. InvestorPlace.com contributor Ian Cooper has been analyzing stocks and options with web-based advisories since 1999.