3 Metaverse Stocks That Could Make Your Grandchildren Rich
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
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Source: Business Insider
- Metaverse Adoption: Companies like McDonald’s, IKEA, Six Flags, and The Rolling Stones are embracing the metaverse for various experiences.
- Market Growth: Analysts predict the metaverse market could reach $803.3 billion by 2031, up from $86.31 billion in 2023.
- Top Metaverse Stocks:
- Roblox (RBLX): Analysts are bullish on Roblox's growth potential despite recent earnings negativity.
- Nvidia (NVDA): Nvidia is seen as a buy due to its involvement in artificial intelligence and the metaverse through Omniverse software.
- Fidelity Metaverse ETF (FMET): Offers diversification with exposure to 53 metaverse stocks at less than $31 a share.
- ETF Details: The Fidelity Metaverse ETF tracks companies involved in developing, manufacturing, or selling products related to the metaverse, including top holdings like Nvidia, Alphabet, Microsoft, and more.
- Investment Outlook: The article suggests investing in these metaverse-related stocks and ETFs for potential future gains.
Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 313.25 USD with a low forecast of 255.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 333.160
Low
255.00
Averages
313.25
High
350.00
Current: 333.160
Low
255.00
Averages
313.25
High
350.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





