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    3 Metaverse Stocks to Buy on the Dip: March 2024

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    somewhat controversial concept, There are both opportunities and pitfalls to buying Metaverse stocks. However, a large amount of money is being poured into digital ecosystem Broadly defined as a network of shared, immersive virtual worlds that allow people to connect with each other, this is an area worth keeping an eye on.

    Fundamentally, there could be a lot of money involved here, and that's what's driving people to buy Metaverse stock. According to previous research, Industry sales last year were $92.46 billion. Experts predict that the ecosystem could expand at a compound annual growth rate (CAGR) of 50.2% from 2024 to 2033.

    At its highest point, this next-generation connectivity canvas could be worth nearly $5.3 trillion. This is an evaluation that companies cannot ignore. So here are some interesting ideas for buying Metaverse stocks.

    Metaplatform (META)

    Source: Rapha Press / Shutterstock.com

    When the topic turns to buying Metaverse stock, I think it would be a crime not to mention it. meta platform (NASDAQ:Meta). After all, the company has long been known as Facebook, the world's largest social media network.Therefore, changing the company name was a risk – the company name is tied to the network Over 3 billion monthly active users – to Metaplatform. If you look at the 52-week performance, you can see that it's working well.

    Fundamentally, Meta is well-positioned to take advantage of the developments inherent in this new wave of connectivity. As mentioned earlier, we leverage the Facebook network. Additionally, the company is investing heavily in virtual reality (VR) hardware. Therefore, as more people connect to the Metaverse according to the experts' plans, Meta plans to help customers with the transition.

    Operational statistics are also not up for debate. Last fiscal year, Meta met his revenue targets four out of four times. The average positive expected return was 9.83%. Analysts expect earnings per share to reach $18.33 for the current fiscal year. This is a significant increase from the 2023 result of $13.69.

    After all, who would doubt Mark Zuckerberg and his friends? Meta is one of the best Metaverse stocks to buy.

    Microsoft (MSFT)

    Close up of Microsoft logo. Microsoft (MSFT) flagship store, 5th Avenue, Manhattan, New York City.

    Source: The Art of Photography / Shutterstock.com

    One of the world's largest technology companies, microsoft (NASDAQ:MSFT) specializes in various innovations. The company is probably best known for its software solutions, particularly in the productivity and business process areas. This is the division responsible for Microsoft 365 consumer subscriptions, along with other exciting solutions such as Microsoft Teams. If the business world adopts the Metaverse, MSFT stock could rise significantly.

    Basically, Microsoft represents a huge player in cloud computing. Therefore, the connectivity protocols underlying the metaverse must create natural synergies. More importantly, the tech giants are also investing in “experiential” hardware. Especially augmented reality (AR). With AR headsets, Microsoft can enter not only the gaming world but also the professional realm. Many industries could benefit from a virtual training platform that Microsoft can easily provide.

    As with the Meta Platform, there is no disputing the operational performance supporting MSFT stock. Over the past year, this technology company has delivered a positive surprise of 8.43% for him. Analysts expect his EPS for the current fiscal year to be $10.73. This is significantly higher than last year's $9.81, making MSFT one of the more attractive Metaverse stocks to buy.

    Roblox (RBLX)

    Headquarters Roblox sign logo. RBLX stock

    Source: Michael Vi / Shutterstock.com

    Fun market ideas for those who believe in the future of connectivity, roblox (New York Stock Exchange:RBLX) develops and operates online entertainment platforms.that's right Company Profile, the company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and interact with 3D experiences and other content. It also provides the Roblox Client, an application that allows users to explore 3D experiences.

    To be honest, I don't know much about the Roblox ecosystem. So ChatGPT says this about it:

    Overall, Roblox serves as a prime example of a metaverse-like platform, offering users the opportunity to create, explore, and connect within a dynamic virtual environment. User-generated content, social features, virtual economies, accessibility, and persistent universes all align with the core principles of the metaverse concept.

    It may sound mercurial to some investors, but I have to respect Roblox's second half performance. The positive unexpected return for the period was 8.65%. Analysts predict that fiscal year 2024 sales will reach his $4.1 billion. This is a 16.3% increase from last year's circulation of $3.52 billion. For speculators, RBLX could be one of the best Metaverse stocks to buy.

    Publication date, Josh Enomoto did not have any positions (directly or indirectly) in any securities mentioned in this article. The opinions expressed in this article are those of the writer and are influenced by InvestorPlace.com. Publishing guidelines.

    Josh Enomoto, a former senior business analyst at Sony Electronics, has helped broker major deals with Fortune Global 500 companies. Over the past several years, he has provided unique and important insights into the investment market as well as a variety of other industries such as law, construction management, and healthcare. Tweet us @EnomotoMedia.

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