Or, look at Unity Software (NYSE: U), which I also mentioned on June 23. Hours engaged by users soared 23% year over year to 14.5 billion. Average daily active users jumped 22% to 66.1 million.

Bookings were up 23% year over year to $773.8 million. Revenue jumped 22% year over year to $655.3 million. With these factors combined, it’s one of the best metaverse stocks in July.įirst-quarter earnings were encouraging, too. Plus, we have to consider that RBLX is one of the top leading destinations for immersive gaming. Analysts at Canaccord just initiated coverage with a buy rating with a $48 price target. The firm also raised its adjusted earnings estimates. Benchmark analysts also upgraded RBLX to a buy rating, with a $45 price target, encouraged by the company’s advertising efforts. Roth MKM analysts upgraded the Roblox stock to a buy rating, with a price target of $48. Today, it’s up to $40.30 and could push even higher. When I last mentioned RBLX, it traded at $37.85 on June 23. Roblox (NYSE: RBLX) is another no-brainer metaverse stock. This makes it one of the best metaverse stocks in July. Mizuho raised its price target to $190 from $175. Piper Sandler just raised its price target to $450 from $440. Daiwa, for example, just upgraded NVDA to an outperform rating from neutral. Better, analysts love the stock here, too.

In short, when it comes to AI and the metaverse, NVDA is a must-own stock. With it, Amazon (NASDAQ: AMZN), for example, is creating AI-powered digital twins of its warehouses, improving warehouse design and workflows, and training smarter robotics solutions. With regards to the metaverse, remember, the company’s Omniverse platform allows users to create and simulate virtual worlds in the metaverse. From its current price, I’d like to see it closer to $500 a share before the year is out. Today, NVDA is up to $423.02, and it’s still a bargain. In fact, I’ve mentioned it a few times since May 10. One of my favorite ways to trade anything tech, AI, and metaverse-related is with Nvidia (NASDAQ: NVDA).

Roblox estimated stock price