12 Best Virtual Reality Stocks to Buy According to Analysts

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1. Kopin Corporation (NASDAQ:KOPN)

Analyst Upside: 95.31%

Number of Hedge Fund Holders: 18

Kopin Corporation (NASDAQ:KOPN) develops, manufactures, and sells wearable technology, including systems and components. Its portfolio includes OLED displays, optical lenses, AMLCD, LCOS displays, and ASICs. The company has been developing wearable VR and AR innovations since its inception. With over 200 patents, 35 million commercial displays shipped, and 300,000 fielded defense displays, Kopin Corporation (NASDAQ:KOPN) is continually delivering innovative systems that create imaginative visions maximizing performance and efficiency.

Kopin Corporation (NASDAQ:KOPN) employs semiconductor material technology to manufacture, design, and market its component products used in simulation equipment, 3D metrology equipment, and military, enterprise, and consumer electronic applications. It recently delivered live demonstrations of AR/VR heads-up displays (HUDs), application-specific optical solutions, and vision systems that boost human performance at SPIE AR/VR/MR 2025, held in San Francisco, California.

The company is making considerable progress in its transformation plan, reporting $13.3 million in revenue in fiscal Q3 2024 and reflecting a 26% increase over fiscal Q3 2023. Its defense products delivered $10.4 million in revenue in the quarter, experiencing a 109% year-over-year increase. Kopin Corporation (NASDAQ:KOPN) projects over 75 million in orders for 2024 and beyond, potentially the highest annual order total in the company’s 40-year history. It also announced the placement of development orders by five new customers, which management expects will drive multimillion-dollar production orders in the years ahead.

Overall, KOPN ranks first among the 12 best virtual reality stocks to buy according to analysts. While we acknowledge the potential of virtual reality stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KOPN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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