5 Best Virtual Reality Stocks To Buy Heading into 2024

4. Apple Inc.  (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc.  (NASDAQ:AAPL) is a technology hardware, storage, and peripherals company. It entered the VR space in 2023 with the Apple Vision Pro headset.

In the third quarter, 134 hedge funds were long Apple Inc.  (NASDAQ:AAPL), with a total stake value of $179 billion

.A Strong Buy rating and a $240 price target were maintained on Apple Inc.  (NASDAQ:AAPL) on November 16 by Ivan Feinseth at Tigress Financial.

RiverPark Advisors mentioned Apple Inc.  (NASDAQ:AAPL) in its third-quarter 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL): Apple shares were a top detractor in the quarter following reports of the Chinese government banning iPhone use by government employees. Additionally, while the iPhone 15 rollout went generally as expected, the market was underwhelmed by the upgrades in the new phone. Despite these overhangs, early reports from the supply chain seem to indicate demand for the new phone is in line with or better than investor expectations. In August, the company reported a broadly in-line fiscal 3Q23 with $82 billion of revenue and $24 billion of free cash flow. High margin Services Revenue continues to grow faster than the overall business leading to gross and operating margin expansion.

With an installed base of 2 billion active devices and significant growth of the company’s recurring revenue Services segment (now 18% of revenue), we believe that Apple remains one of the most innovative, best positioned and most profitable companies in the mobile technology industry.”

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