#2 - Microsoft (NASDAQ:MSFT)
If the metaverse was a poker game, then it wouldn’t be a stretch to say Microsoft (NASDAQ:MSFT) is going all in. The multi-faceted technology company is seeing Meta’s $10 billion investment and raising it by almost $60 billion. That’s roughly the amount the company is spending to acquire Activision Blizzard (NASDAQ:ATVI).
The purchase makes sense since Microsoft already has a large, growing footprint in the gaming sector. After the acquisition is complete, the company will own some of the most popular titles such as Call of Duty and Candy Crush Saga. That’s revenue that comes in the door with or without the metaverse.
However, it’s not that much of a leap to suggest that the company may be looking at this acquisition as a way to take a leadership position in the metaverse. To that end, chief executive officer Satya Nadella has spoken about the company investing in what he refers to as the “enterprise metaverse.”
And as tech stocks go, MSFT stock weathered the pandemic relatively unscathed. The stock is down about 11% from its all-time high reached in December and it dropped just 15% from peak to trough, far less than some other tech stocks.
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Read More - Current Price
- $409.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 35 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $434.05 (6.1% Upside)
