3 Stocks in the Metaverse to Buy for Huge, Long-Term Gains.

September 15, 2023

The extremely profitable metaverse investment frontier is being steered by these stocks.

Roblox (RBLX): Roblox’s strong revenue of $680.8 million is an indication of a flourishing firm. Roblox boasts a staggering 25% yearly gain to 65.5 million daily users.

Qualcomm (QCOM): Qualcomm’s bold $100 million investment fund for the metaverse highlights its dedication to the profitable industry.

Verizon (VZ): Verizon’s inexpensive stock offers tremendous future upside thanks to its strong $18 billion operational cash flow and the revolutionary potential of 5G technology.

Smart investors find it increasingly difficult to resist the appeal of buying and holding metaverse stocks as the digital frontier grows. Consequently, if you’re looking for innovative and long-lasting investing opportunities, metaverse stocks to purchase and hold could be your entry point.

Industry titans and up-and-coming entrepreneurs are all scrambling to stake their claims, causing a rise in metaverse stocks that could possibly transform portfolios. Analysts are upbeat and predict a bright future for investments in the metaverse. Contrive Datum Insights estimates the market to be worth a startling $1.3 trillion by 2030, while Adecco Group predicts it will be worth an astounding $5 trillion.

Roblox (RBLX): As it navigates a relatively difficult market climate, Roblox (NYSE:RBLX), a pioneering provider of metaverse platforms, shines magnificently. Despite a decline in bookings following the epidemic, the company’s most recent statistics reveal a story of ambition, with second-quarter revenues of an astounding $680.8 million, up 15% year over year (YoY). Additionally, bookings increased to a healthy $780.7 million, representing a 22% yearly increase. Nevertheless, a net loss of $282.8 million pokes out despite this expansion.

With a staggering 65.5 million daily users, increasing 25% annually, putting in a staggering 14 billion hours on the site, active participation is still the cornerstone of Roblox. The Roblox Partner Program, a ground-breaking program ushering in a new era of self-promotion within the platform, is currently the center of attention, drawing participants from a wide range of backgrounds, from developers to international marketers. This program makes it easier for newer businesses to advertise successfully on the Roblox platform. Several notable partners include Dentsu (OTCMKTS:DNTUF), Dubit, Playwire, and others. These partnerships seek to reimagine innovative advertising and immersive 3D content, paving the way for a more promising metaverse future.

Qualcomm (QCOM):

The market leader in semiconductors, Qualcomm (NASDAQ:QCOM), is positioned in the metaverse, working with notable companies like Mercedes-Benz (OTCMKTS:MBGYY), BMW (OTCMKTS:BMWYY), and Amazon’s (NASDAQ:AMZN) AWS. Recent news that Apple (NASDAQ:AAPL) extended its chip supply arrangement until 2026, further solidifying its position in the market, caused Qualcomm’s shares to rise by more than 8%.

Furthermore, opinions are expected to change with the impending release of the Mixed Reality Toolkit (MRTK), a collaborative project by Qualcomm, Microsoft (NASDAQ:MSFT), and Magic Leap. Further establishing its position in the space is Qualcomm’s bold $100 million investment fund for the metaverse, which also targets artists and visionaries involved in augmented reality, mixed reality, and virtual reality.

This development marks a seismic change in the digital world and suggests a significant economic transformation, with TipRanks analysts recommending a Moderate Buy and estimating a 20% increase from current price levels.

Verizon (VZ):

The telecom behemoth Verizon (NYSE: VZ) occupies a crucial space in the metaverse’s fabric. Verizon’s bandwidth options are essential for enabling the miracles of AR and VR, albeit being a supporting role.

Additionally, Verizon’s financial strength commands attention.

Additionally, its collaboration with Meta (NASDAQ: META) has played a crucial role in reshaping the metaverse. Verizon’s rise appears inescapable with stock values at record lows and a trajectory set for a robust 16% increase as predicted by TipRanks analysts.

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