2 Stocks to Invest in Virtual Reality
Tech stocks fell out of favor last year as an economic downturn caused steep declines in consumer spending. However, Wall Street has grown bullish about the industry again in 2023, with many companies' stocks on the rise. As a result, now is an excellent time to invest in an exciting growth area of tech like virtual reality (VR).
Data from The Insight Partners shows the VR market is projected to hit $442 billion by 2030, expanding at a compound annual growth rate of 29%. The technology has had trouble attracting mainstream audiences in the past, and has been primarily embraced by the video gaming community. However, major companies like (NASDAQ: AAPL) and Meta Platforms are heavily investing in VR now, with hopes of convincing consumers across multiple industries to adopt the technology.
It's still early days in the VR market, presenting an exciting investment opportunity. The industry could have a lot to offer stockholders over the long term. So, here are two stocks to invest in virtual reality this month.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 108 Buy predictions and 9 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 4.22% for Apple Inc. compared to the current price of 201.5 €.
