12 Best Virtual Reality Stocks to Buy According to Analysts

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8. Roblox Corporation (NYSE:RBLX)

Analyst Upside: 28.05%

Number of Hedge Fund Holders: 61

Roblox Corporation (NYSE:RBLX) ranks on our list because of its online gaming services that offer a VR experience. Its platform comprises Roblox Client, Roblox Studio, and Roblox Cloud. Roblox Studio is an app that allows users to explore digital 3D worlds, while Roblox Studio is a toolset used by creators and developers to publish, build, and operate 3D experiences and other content. Roblox Cloud encompasses the infrastructure and services powering human co-experience platforms.

The company’s Roblox VR Original games are designed solely for the VR audience and are non-playable on non-VR hardware. The Roblox VR-supported games, in contrast, are playable on both VR Hardware and other gaming devices Roblox Corporation (NYSE:RBLX) supports, designed by keeping both VR players and flat-screen players in mind.

Roblox Corporation (NYSE:RBLX) has solid fundamentals. It reported 32% year-over-year revenue growth in fiscal Q4 2024, reaching $988 million and surpassing analyst estimates of $960 million. Its bookings also grew 21% year-on-year to $1.362 billion, exceeding the top end of its guidance. Japan and India make up two huge markets for the company and drove over 50% year-over-year growth. Daily Active Users (DAUs) for the company rose 18% year-over-year to 85.3 million in fiscal Q4 2024. It ranks 8th on our list of the best VR stocks to buy.

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