Virtual Reality Stocks Offer More Than Entertainment: Strong Buy VR Stocks for Growth Opportunities beyond Gaming
Virtual reality (VR) technology has often been associated with video games, but the potential of VR extends far beyond entertainment. Strong buy VR stocks offer a paradigm shift in training and learning, accessibility and connection solutions, and therapeutic applications.
Training simulations in VR provide operators-in-training in various industries, including medicine, aviation, and defense, with valuable skills and safe practices in a controlled environment. Making mistakes in the virtual world allows for learning and improvement before entering the real world.
VR offers accessibility and connection solutions, breaking down barriers and enabling interactions between people from all over. It also benefits those with mobility-related challenges, providing enhanced experiences and therapeutic applications, such as pain and fear management.
Investigating strong buy VR stocks is a wise move considering the exciting avenues VR presents. Here are a few top VR stocks to consider:
Meta Platforms (META)
Formerly known as Facebook, Meta Platforms changed its name to reflect its growth opportunities in the metaverse, a VR space where users can interact with computer-generated environments and other users. Meta heavily invested in the Quest series of VR headsets, enabling real connections through virtual hangouts. The Meta Quest Pro, a premium headset for professional collaboration and creativity, retails for $999.99. META stock has been performing exceptionally well, gaining almost 36% in equity value this year. With a strong buy consensus analyst rating and a $522 price target, Meta Platforms proves to be a promising VR investment.
Microsoft (MSFT)
As a dominant player in the broader tech ecosystem, Microsoft needs little introduction. With its Windows operating system accounting for 73% of global PC market share, Microsoft remains highly relevant. The company’s VR unit sees significant demand in professional and gaming computing applications. Moreover, Microsoft’s HoloLens technology is used by the U.S. Army for high-tech headsets that protect servicemembers. Microsoft boasts a strong buy consensus rating from analysts, with a $469.45 price target.
Advanced Micro Devices (AMD)
Although not a direct player in the VR market, Advanced Micro Devices is a semiconductor firm known for its advanced graphics processing units (GPUs). With VR systems requiring more bandwidth and computing power, AMD’s GPUs play a crucial role in running immersive VR experiences. AMD’s relevance extends to other sectors, such as blockchain mining, further strengthening the case for investing in strong buy VR stocks. Analysts have set an average price target of $194.16 for AMD.
Investors interested in the growth potential of VR technology should consider these strong buy VR stocks. VR’s application beyond gaming offers a wide range of opportunities for investors, and these companies are well-positioned to capitalize on this emerging market.
Analyst comment
This news can be evaluated as positive. The market for VR stocks is expected to experience growth opportunities beyond gaming as VR technology is being increasingly applied in various industries such as training, accessibility solutions, and therapeutic applications. Meta Platforms, Microsoft, and Advanced Micro Devices are highlighted as strong buy VR stocks that are well-positioned to capitalize on this emerging market. Investors should consider these stocks for potential growth in the VR industry.
