In this article, we will look at the 12 Best Virtual Reality Stocks to Buy According to Analysts.
Overview of the Global VR Industry
Virtual Reality (VR) creates a 3D artificial environment in the real world through VR technology gadgets such as headsets, gloves, glasses, and bodysuits. According to Grand View Research, the global VR market had a market size of $59.96 billion in 2022. The industry is expected to grow at a compound annual growth rate of 27.5% between 2023 and 2030.
The VR industry has metamorphosed the entertainment and gaming sector by allowing users to engage in a simulated environment. In addition to its popularity in these sectors, another significant factor behind its anticipated growth is its use in instructional training, such as for engineers, pilots, field workers, defense personnel, mechanics, and technicians working in various industrial sectors. In addition, VR is also used in industries like healthcare and automotive due to its significant operational benefits.
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VR in Gaming
VR in gaming refers to a simulated, immersive experience that manufactures an interactive 3D environment, allowing users to feel as if they are physically present in the simulated reality. This reality is generally administered through a headset that traces head movements and displays images to create a feeling of immersion. The technology also employs additional factors, such as treadmills or motion controllers, to augment the realistic and interactive mode of the experience.
According to Fortune Business Insights, the global Virtual Reality (VR) market in gaming was valued at around $17.96 billion in 2023. It is anticipated to grow at a significant compound annual growth rate of 30.4% between 2024 and 2032, going from $22.63 billion to $189.17 billion between the forecast period. North America is anticipated to be the largest market dominating the global industry, holding a share of 37.42% in 2023.
VR in gaming is increasing in popularity across the globe, with major technology companies making significant investments in developing innovative and advanced VR software and hardware. This trend is making the technology more accessible to a broader consumer base.
VR in Healthcare
According to Fortune Business Insights, the global VR in the healthcare market had a share of $3.12 billion in 2023. It is anticipated to grow at a compound annual growth rate of 35.1% between 2024 and 2032, going from $4.18 billion to $46.37 billion over the forecast period. VR in healthcare is gaining significant traction due to its immense benefits for the industry. The technology employs computer-developed mechanisms to deliver medical training to healthcare professionals and allows efficient healthcare treatments in immersive environments.
Medical professionals attain interactive, simulation-driven training, providing more efficient treatment strategies and accurate diagnoses. The technology also helps medical marketing and creates significant scope for income generation through enriched patient experiences. In addition, several major VR providers in healthcare solutions are integrating 360-degree video features and interactive 3D content to develop effective learning programs for healthcare students and professionals.
With these trends in view, let’s look at the 12 best virtual reality stocks to buy according to analysts.
Our Methodology
We sifted through stock screeners, online rankings, and ETFs to compile a list of 20 virtual reality stocks. We then selected the top 12 with the highest analyst upside potential as of March 3, 2025. We also added the number of hedge fund holders for each stock as of fiscal Q4 2024. We sourced the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of analyst upside potential as of March 7, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Best Virtual Reality Stocks to Buy According to Analysts
12. Sony Corporation (NYSE:SONY)
Analyst Upside: 17.21%
Number of Hedge Fund Holders: 25
Sony Corporation (NYSE:SONY) is a Japanese multinational conglomerate that develops, designs, manufactures, and sells electronic devices, game consoles, and software for industrial markets. The company introduced one of the most popular VR headsets of all time, the PlayStation VR (PSVR), launched in October 2016. In 2023, the company launched the PlayStation VR2 globally, its next-generation virtual reality headset.
The company is transitioning into a digital streaming company through its PlayStation and Crunchyroll segments, which are anticipated to generate more than $48 billion in revenue by the end of the fiscal year 2029. PlayStation’s focus on engagement-based services is driving growth in repeated revenues and contributing to the user lifetime value. Crunchyroll, the biggest anime streaming platform, is also benefiting from the increasing popularity of anime across the world. These platforms position SONY well for high growth and improved profitability.
Sony Corporation (NYSE:SONY) also has strong operations. It reported an 18% year-on-year growth in consolidated sales in fiscal Q3 2024, including the financial services segment. Operating income increased 1% to ¥469.3 billion, a record high for Q3, and net income increased 3% to ¥373.7 billion. The company ranks 12th on our list.
11. QUALCOMM Incorporated (NASDAQ:QCOM)
Analyst Upside: 23.05%
Number of Hedge Fund Holders: 79
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. It supplies chips to key industry players, including BMW, Huawei, and Samsung. QUALCOMM’s Snapdragon augmented reality technology is the next generation of mobile computing that merges the actual world with virtual objects to create an immersive reality.
The company’s VR technologies allow for new realms of immersive user experiences, ushering in a new digital future. Some of the best VR chipsets from the company include the Snapdragon VR products that leverage AI, 5G, on-device processing, and edge cloud processing for photorealistic visuals and life-like responsiveness. QUALCOMM Incorporated’s (NASDAQ:QCOM) VR solutions allow original equipment developers and manufacturers to develop technologies that employ graphics with high pixel density, immerse users with 3D spatial sound for precise voice interactions, and develop avatars with nuanced facial expressions.
In fiscal Q1 2025, QUALCOMM Incorporated (NASDAQ:QCOM) reported record revenue and earnings per share, with its Chipset revenue hitting a record $10.1 billion. In addition, the company’s automotive and IoT businesses underwent robust 61% and 36% year-over-year growth, demonstrating its diverse and solid business operations. The company ranks 11th on our list of the 12 best virtual reality stocks to buy according to analysts.
Madison Investments, an investment advisor, released its Q3 2024 investor letter. Here is what the fund said:
“Alphabet Inc., Eli Lilly and Company, QUALCOMM Incorporated (NASDAQ:QCOM), Microsoft Corporation, and Apple Inc. were the largest detractors. Qualcomm has given back some of its first half gains after the CFO commented at a conference that its entrance into the AI PC business would take time to ramp. We continue to see Qualcomm as well positioned with growth from AI moving into the mobile phone, from new opportunities in the Internet of Things (IoT), and within the Auto industry but will also look to future growth as they enter the PC market.”
10. Meta Platforms, Inc. (NASDAQ:META)
Analyst Upside: 23.42%
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables. It operates through two segments: Family of Apps (FoA) and Reality Labs (RL). The Reality Labs segment encompasses virtual, mixed, and augmented reality-related software, hardware, and content.
The company has made significant progress toward VR and AR technologies, recently releasing an augmented reality prototype called Orion, one of its most ambitious projects. Reality Labs, dedicated to VR and AR innovations, is known for its substantial financial investments in these emerging consumer platforms. In April 2024, Meta Platforms, Inc. (NASDAQ:META) announced plans to develop Meta Quest headsets that provide trainers, teachers, and administrators access to education-specific features and apps. The company launched the Meta for Education beta program in November 2024 across the US and UK, offering academic institutions an immersive VR/MR learning ecosystem.
Meta Platforms, Inc. (NASDAQ:META) has solid financials to continue progressing in the domain. The company reported a 22% revenue growth to $164.5 billion in fiscal 2024, while earnings grew by 60% year-over-year to $23.86 per share. Its operating income grew by 48% to $69.4 million, giving the company an operating margin of 42%. The firm expects Reality Labs sales to increase at a double-digit rate over the upcoming 5 years.
Rowan Street Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:
“Meta Platforms, Inc. (NASDAQ:META): Investment Initiated: April 2018: Internal Rate of Return (IRR*): 22% *IRR represents the annualized rate of return on investment, accounting for the timing and magnitude of cash flows over the holding period.
For META, our 22% IRR aligns closely with the company’s compounded growth in earnings per share (EPS) and free cash flow per share during the 6-year holding period.
Looking ahead, Meta is expected to grow its revenues, earnings, and free cash flow per share at mid-teens rates over the next two years. There’s a good possibility that it could exceed these estimates, considering the breadth of growth initiatives currently in place, such as advancements in Al, monetization of Reels, expansion into business messaging, and the ongoing development of the metaverse…” (Click here to read the full text)
9. Alphabet Inc. (NASDAQ:GOOG)
Analyst Upside: 26.28%
Number of Hedge Fund Holders: 174
Alphabet Inc. (NASDAQ:GOOG) is a holding company with segments including Google Services, Google Cloud, and Other Bets. The Google Services segment operates various services and products, including Android, Google Maps, Google Play, Chrome, Search, and YouTube. Its Google Cardboard application allows users to build immersive experiences of their own.
The company launched the Android XR platform at the end of 2024 in collaboration with Samsung and Qualcomm. The platform allows users to develop immersive, state-of-the-art experiences and indulge in them across various devices, ranging from headsets to glasses. In addition, Alphabet Inc. (NASDAQ:GOOG) recently announced plans to acquire a part of HTC’s extended reality (XR) business for $250 million, marking the second major deal between the companies after the $1.1 billion purchase of HTC’s smartphone unit in 2017. The acquisition is anticipated to further boost the company’s VR, AR, and XR business and the development of the Android XR platform development across headsets and glasses.
Alphabet Inc. (NASDAQ:GOOG) also has sound operations. Fiscal Q4 2024 showed a 12% growth in overall revenue for the company and a 12.5% growth in search revenue. YouTube grew by 13.8%, while revenue from Google Cloud rose by around 30% to $12 billion.
Merion Road Capital Management stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q4 2024 investor letter:
“Alphabet Inc. (NASDAQ:GOOG): We have held GOOG for a long time (since 2018) on the basis of its immense business quality paired with an undemanding valuation, improving treatment of minority shareholders, and multiple options for value creation. Recently we have seen Alphabet bashed for losing the AI race to now heralded for its progress. I remain excited about their prospects with several near-term, mid-term, and long-term tailwinds. Near-term, Google Cloud continues its rapid growth and their latest large language model, Gemini 2.0, appears to have made significant progress to better serve consumer needs and improve GOOG’s other product offerings. Mid-term, Waymo is on the cusp of becoming a real value driver for the company; there are abundant articles discussing Waymo stealing share from the ride-share economy and launching in new geographies. Long-term, GOOG’s recently announced quantum computing chip positions it well for a future (many, many years away) where computing process are fundamentally different than today. All of these options are embedded in a company that already has an established and dominant earnings stream.”
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.
7. Unity Software, Inc. (NYSE:U)
Analyst Upside: 29.53%
Number of Hedge Fund Holders: 48
Unity Software, Inc. (NYSE:U) provides a platform to create interactive experiences and games. The company holds a significant spot in the VR industry as more than 60% of the top-grossing VR Steam experiences in 2023 were made with its offerings. It offers a range of software solutions to run, create, and monetize real-time 2D and 3D content for PCs, mobile phones, tablets, and VR/AR devices. Its tools and services ecosystem allows users to develop seamless VR experiences. More than 50% of week one Must Play Apple Arcade Games for Vision Pro as well as 2 out of 3 of the most popular Quest experiences were made with Unity. Similarly, over 70% of top-selling Quest games are made with Unity. Back in 2023, Unity’s stock soared after Apple announced that Unity’s gaming software would be used in Apple Vision Pro.
The company’s fiscal Q4 2024 results reflected progress, with Unity Software, Inc. (NYSE:U) meaningfully executing its guidance for both revenues and adjusted EBITDA. Revenue in its strategic portfolio rose at its fastest rate in four quarters, and adjusted EBITDA beat the top end of its guidance by 26%.
Unity Software, Inc. (NYSE:U) recently announced plans to migrate its Unity ad network to its new AI platform, Unity Vector. Vector is designed to leverage data from across the Unity ecosystem, integrating self-learning AI models to provide deeper insights, optimize performance, and deliver better results for its customers. The company plans to begin the migration towards the end of fiscal Q1 2025 and finish its first phase by the end of fiscal Q2 2025.
6. Universal Display Corporation (NASDAQ:OLED)
Analyst Upside: 31.90%
Number of Hedge Fund Holders: 30
Universal Display Corporation (NASDAQ:OLED) researches, develops, and commercializes organic light-emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. OLED displays are employed in VR and AR markets, along with various other industries. The company licenses its proprietary OLED technologies to manufacturers of products for display applications, including mobile phones, wearables, tablets, notebooks and televisions, and specialty and general lighting products. The company’s additional OLED technologies include FOLED Flexible OLEDs and OVJP Organic Vapor Jet Printing.
OLED technology plays a pivotal role in powering VR products. The company’s proprietary technologies and materials are found in virtually every commercial OLED product, ranging from smartwatches and tablets to smartphones and TVs, including Samsung’s Galaxy series and LG’s OLED TVs. OLED technology is also used in Sony’s PlayStation VR2 and the Apple Vision Pro.
Universal Display Corporation (NASDAQ:OLED) reported strong results for 2024, a growth year for the company. It reported $648 million in revenue and $222 million in net income for the year and is expected to continue its growth trajectory in the future. According to Omdia Research, the OLED market growth is anticipated to grow significantly over the next five years. After reaching more than 50% of the smartphone market in 2024, OLED smartphone displays are expected to grow from 784 million units to 952 million units in 2029.
In addition, OLED IT displays are anticipated to nearly quadruple between 2024 and 2029, going from 20.2 million units to 77.6 million units between the forecast period. Experts estimate these trends to be tailwinds for Universal Display Corporation (NASDAQ:OLED), ranking it among the best virtual reality stocks to buy according to analysts.
5. Adobe, Inc. (NASDAQ:ADBE)
Analyst Upside: 32.31%
Number of Hedge Fund Holders: 117
Adobe Inc. (NASDAQ:ADBE) is a US-based global technology company that offers services, products, and solutions to fuel digital and immersive experiences and imagine, manage, optimize, and engage with content across surfaces. It is a significant player in the VR industry. Its Adobe Substance 3D Modeler is a VR 3D modeling and sculpting application that allows users to create across VR and desktop. The modeler allows users to undertake a VR experience by letting them work in 3D as intuitively as working with clay in real life. It thus helps professionals and users focus on the creative process in a virtual reality instead of the technical limitations associated with real life modeling.
The company’s digital media segment, centered around Adobe Document Cloud and Adobe Creative Cloud, also offers platforms like Adobe Firefly, Adobe Express, Photoshop, and other tools for creative professionals and other consumers.
Adobe Inc. (NASDAQ:ADBE) is strengthening its product portfolio by employing AI to empower filmmakers at all levels. On January 28, the company unveiled Adobe Premiere Pro, After Effects, and Frame.io, designed to streamline workflows and target common challenges for frequent software users. The company also had a solid fiscal year 2024, reporting $21.51 billion in revenue, $8.06 billion in cash flows from operations, and $19.96 billion in RPO. It also reported revenue of $5.61 billion in fiscal Q4 2024, representing 11% year-over-year growth. Its strategy, AI innovation, and massive cross-cloud opportunity position it well for 2025 and beyond.
Polen Capital, an investment management company, released its Q3 2024 investor letter. Here is what the fund said:
“We added to several existing positions in the quarter including Adobe Inc. (NASDAQ:ADBE), Workday, Shopify, MSCI, and Paycom Software. We feel Adobe is poised for re-accelerating revenue and earnings growth partially due to the monetization of its Firefly GenAI product embedded in its creative software.”
4. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Analyst Upside: 41.63%
Number of Hedge Fund Holders: 96
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics. Its operations are divided into various segments including Data Center, Client, Gaming, and Embedded. The company provides LiquidVR technology that enables realistic and advanced VR experiences through powerful processors and graphics.
The company delivers high computing performance and chips powering immersive experiences in various VR and AR devices. It powers Sony’s PlayStation 5 and Microsoft’s Series X|S game consoles. In 2016, Advanced Micro Devices, Inc. (NASDAQ:AMD) introduced Radeon Pro Duo with its LiquidVR SDK, the world’s most powerful platform for VR designed for a variety of VR applications, ranging from entertainment to education, journalism, medicine, and cinema.
The company reported a 24% year-over-year revenue growth in fiscal Q4 2024 to a record $7.7 billion. This growth was attributed to a 69% growth in data centers and a 58% growth in client segments. Advanced Micro Devices, Inc. (NASDAQ:AMD) continues to see clear opportunities for continued growth based on the strength of its product portfolio and growing demand for high-performance and adaptive computing.
Alger Spectra Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2024 investor letter:
“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a major global supplier of PC microprocessors and graphics processors to computing original equipment manufacturers (OEMs). The company’s product range spans desktops, notebooks, servers, graphics, and embedded/semi-custom chips. AMD operates in a large addressable market, covering areas such as PCs, servers, high-end gaming, and deep learning. Additionally, AMD has introduced competitive AI technologies, including powerful accelerators poised to capture a share in a market worth several hundred billion dollars. During the quarter, the company reported fiscal first-quarter operating results that met analyst estimates, with strengths in data center GPUs and server CPUs offsetting weaknesses in their gaming and embedded businesses. Moreover, management raised their fiscal second-quarter revenue guidance, albeit slightly below consensus estimates, where they expected double digit growth in data center revenues, while projecting a decline in their gaming segment, driven by weaknesses in both desktop GPUs and Semi-Custom Systems-on-a-Chip (SoC). While weaker-than-expected near-term results weighed on shares during the quarter, we believe the company is positioning itself to potentially benefit from long-term growth in AI infrastructure spending. Specifically, the company continues to gain server CPU market share, which could potentially accelerate as traditional compute deployments begin to recover.”
3. NVIDIA Corporation (NASDAQ:NVDA)
Analyst Upside: 58.27%
Number of Hedge Fund Holders: 223
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments. The company’s shares have grown by more than 22,000% in the past decade, and it now has a market cap of around $3 trillion. This makes it the third-largest company in the world. Since VR requires powerful GPUs for operation, NVIDIA Corporation’s (NASDAQ:NVDA) GeForce RTX GPUs hold the potential to power the ultimate VR experience. GeForce RTX GPUs offer plug-and-play compatibility with all of the top VR headsets.
In addition, the company has developed VRWorks, a range of APIs, libraries, and engines that allow headset and application developers to create exceptional VR experiences. VRWorks offers various other advantages, including boosting advanced VR performance through an increase in application rendering efficiency and image quality, easy integration, and unlimited configurability.
NVIDIA Corporation (NASDAQ:NVDA) reported a record full-year revenue of $130.5 billion for fiscal 2025, up 114% from last year. Non-GAAP diluted EPS was $2.99, increasing 130% from a year ago. Fiscal Q4 2025 marked another record quarter for the company, with a revenue of $39.3 billion, up 12% sequentially and up 78% year on year. These trends highlight the company’s continued profitability, ranking it third on our list of the 12 best virtual reality stocks to buy according to analysts.
Brown Advisors Global Leaders Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:
“The main driver of our 2024 relative underperformance was not being invested in NVIDIA Corporation (NASDAQ:NVDA). Since ChatGPT introduced the power of generative artificial intelligence to the world on 30 November 2022, the Global Leaders Strategy has outperformed its benchmark despite being underweight the USA and specifically underweight the “Magnificent Seven”.7 2024 underperformance of -2.81% versus our benchmark was almost precisely matched by the individual outperformance of NVIDIA, which we did not own. On balance the rest of the portfolio is doing just fine albeit with areas of strength (AI) and weakness (EM financials) discussed below.
We wrote about the concentration within global indexes last year and this continued with only 29% of companies within the ACWI Index at the start of 2024 outperforming this benchmark over the year. Our capital allocation added value in 2024 as five of our top ten largest weights over the year were also in our top ten percentage winners. Conversely, within our ten worst performers, seven were also amongst our smallest ten weights. Capital allocation is critical when index hit rates are below 50%…” (Click here to read the full text)
2. Immersion Corporation (NASDAQ:IMMR)
Analyst Upside: 78.11%
Number of Hedge Fund Holders: 17
Immersion Corporation (NASDAQ:IMMR) designs, develops and licenses various haptic technologies that allow users to experience digital products and use their sense of touch to engage with them. The company specializes in haptic technology, with more than 3 billion devices across the globe using its technology. The rising popularity of VR and AR technologies and the growing demand for hepatic technology across key gaming, consumer electronics, and automotive domains position it as one of the best VR stocks to buy. Immersion Corporation (NASDAQ:IMMR) created the haptic feedback technology in the PlayStation 5 DualSense controller.
Immersion Corporation (NASDAQ:IMMR) reported total revenues of $616.2 million in fiscal Q2 2025, compared to $7.0 million in the three months ended June 30, 2023. In addition, GAAP net income attributable to Immersion Corporation stockholders was $27.2 million in the three months ended October 31, 2024, compared to $7.0 million in the prior year period.
Immersion Corporation (NASDAQ:IMMR) also announced a special dividend of $0.245 per share, payable on January 24, 2025, to shareholders of record of January 10, 2025, reflecting the company’s financial strength. The company’s median price target of $8.04 implies an upside of 71.02% from current levels. It takes the second spot on our list of the best virtual reality stocks to buy according to analysts.
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.
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