Hey, welcome back to YT Finance and today we are talking about the top 10 best metaverse stocks to buy right now so if you like stocks and you want to know the best stocks to buy go and press the like button right now, comment down below your favorite metaverse stock, turn on all subscription notifications to stay informed and now let’s get right into the best metaverse stocks to buy. first, on our list, we have a metaverse infrastructure stock that has around a $6.3 billion market cap named Fastly ticker Symbol FSLY. This company can cut down on latency and lag that customers experience online with their advanced edge computing infrastructure as a service platform. Most people find latency or lag a minor inconvenience but when it comes to robotic surgeries or self-driving vehicles lag can have catastrophic effects. Fastly’s platform can move 145 terabytes worth of data every second across 28 countries which is very impressive. This type of infrastructure will be paramount to the evolution of the metaverse just imagine how much data will need to be transferred to create a virtual world with real-time responses. This technology has caused Fastly to grow their revenues by 14% year over year in the last quarter which is good news and currently, the stock is worth $50, the fair value is worth $35 so ideally you would want an average cost below that, the low-end price target for the stock is $40 while the high-end price target is $55 with an overall hold rating from analysts. Next up we have Nvidia ticker Symbol NVDA which is another metaverse infrastructure stock that has around a $745 billion market cap. Nvidia is one of the best semiconductor stocks that money can buy which will allow artificial intelligence to scale more quickly due to their superior chips that can run complex calculations. Therefore Nvidia will be a great addition to a metaverse stock portfolio but hopefully, you already owned some shares before this and at minimum, it should be on a watch list to invest in a pullback. Nvidia is also in the middle of buying out ARM holdings from SoftBank group for around $40 billion which will greatly benefit the company. The current price of the stock is $301 per share, the fair value is $138 per share, the low-end price prediction is $110, the high-end price target is $400 and analysts have a buy rating in this stock. Next up on our list, we have a virtual platform stock with a market cap of around $47.5 billion which is none other than Roblox ticker Symbol RBLX. Roblox is a video game that has close to 45 million active users each day who have logged almost 10 billion hours last quarter. Roblox is not just a single game because through this virtual platform developers can build a multitude of different games within this game. The company makes money by selling its virtual currency that players can use to play games, do experiences, or even buy virtual clothing for their virtual characters. So basically Roblox is already a mini version of what the metaverse wants to accomplish just on a much larger scale. The company is also doing well because according to their CEO this game caters to both 6-year-olds as well as 30-year-olds and they also recently acquired Guilded which is a platform that connects various gaming communities. Roblox sales have jumped 126% year over year and currently, the stock is valued at $107, the fair value is $100, the low-end price projection is $70, and the high-end price estimate is $124 plus it has an overall buy rating from analysts which is a great sign. This takes us back to when Facebook purchased the VR start-up company Oculus in 2014 so let’s fast forward to today Facebook which is now called Meta Platforms where firms can use VR headsets to participate in meetings through their virtual avatars. This is going to be one of the most foundational stocks and companies of the metaverse.
#stocks #investing #metaverse
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
SOURCES: https://www.investopedia.com/metaverse-definition-5206578
https://www.kiplinger.com/investing/stocks/603552/7-metaverse-stocks-for-the-future-of-technology
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