The Top 3 Metaverse Stocks to Buy Now: Summer 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Source: Business Insider
Metaverse Market Growth: The metaverse market is projected to grow significantly, with a compound annual growth rate (CAGR) of 34.8%, expanding from $90 billion in 2023 to $980.5 billion by 2030, driven by advancements in software and hardware technologies.
Top Metaverse Stocks: Key stocks to consider for investment include Intel, which is undergoing a major transition despite recent challenges; Take-Two Interactive, known for its popular gaming franchises; and Nexon, which is integrating blockchain technology into its gaming experiences.
Analyst Views on TTWO
Wall Street analysts forecast TTWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTWO is 286.77 USD with a low forecast of 270.00 USD and a high forecast of 300.00 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.
14 Analyst Rating
14 Buy
0 Hold
0 Sell
Strong Buy
Current: 241.100
Low
270.00
Averages
286.77
High
300.00
Current: 241.100
Low
270.00
Averages
286.77
High
300.00
About TTWO
Take-Two Interactive Software, Inc. is a developer, publisher, and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products principally through Rockstar Games, 2K, and Zynga. Its products are designed for console gaming systems, including, but not limited to, the Sony Computer Entertainment, Inc. (Sony) PlayStation4 (PS4) and PlayStation5 (PS5), the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox Series XS (Xbox Series XS), and the Nintendo Switch (Switch), as well as mobile, including smartphones and tablets, and personal computers (PC). It delivers its products through physical retail, digital download, online platforms, and cloud streaming services. It sells software titles both digitally and physically through direct relationships with digital storefronts and platform partners, large retail customers, and third-party distributors. It also sells advertising within a number of its games, primarily in mobile.
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.
