5 Best Metaverse Stocks to Buy

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is a systems software company also among the Big Five tech giants in the market today. The company focuses on Microsoft Teams and Microsoft Mesh as parts of its metaverse strategy. The former is the company’s online collaboration platform where its workplace lives virtually, while the latter is its corporate metaverse which seeks to create a seamless connection between the physical and digital worlds.

Brad Zelnick at Deutsche Bank holds a Buy rating on shares of Microsoft Corporation (NASDAQ:MSFT) as of October 18. The analyst also placed a $315 price target on the stock.

Microsoft Corporation’s (NASDAQ:MSFT) EPS in the fiscal fourth quarter of 2022 was $2.23, beating the previous quarter’s EPS of $2.22. The company’s revenue of $51.87 billion also beat the previous quarter’s revenue of $49.36 billion.

Our hedge fund data for the second quarter shows 258 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the second quarter, with a total stake value of $56 billion.

See also 11 Best Nanocap Stocks To Invest In and 10 Best FTSE Dividend Stocks To Buy.

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