2 Stocks to Invest in Virtual Reality
The virtual reality (VR) market has seen massive expansion since Meta Platforms acquired Oculus in 2014. The purchase led to advances in the technology and decreases in headset prices, making them accessible to the mass market. Interest in VR subsequently increased. However, companies still have a long way to go before VR is adopted by consumers on a more widespread basis, suggesting the industry is still in its infancy.
This sentiment aligns with data from GlobeNewswire, which states the virtual reality market hit $17 billion in 2022, and it's projected to expand at a compound annual growth rate of 45% through 2029. As a result, now is a compelling time to consider investing in the burgeoning industry before it's too late.
Here are two stocks to invest in virtual reality.
Source Fool.com
Meta Platforms Inc. Stock
Currently there is a rather positive sentiment for Meta Platforms Inc. with 26 Buy predictions and 5 Sell predictions.
With a target price of 542 € there is a positive potential of 20.65% for Meta Platforms Inc. compared to the current price of 449.25 €.
