#3 - Immersion Corporation (NASDAQ:IMMR)
Up until now, we’ve been focusing on established companies in the technology/gaming space. For risk-tolerant investors who are looking for a more speculative stock, Immersion Corporation (NASDAQ: IMMR) is a solid choice.
The key benefit to owning IMMR stock is that it’s a pure-play on virtual reality. The company’s sole focus is developing VR technologies. That means in addition to developing headsets and software that deliver a VR experience, they also deliver the technology that power systems such as touchscreens.
To that end, the company has over 3,200 patents that are either issued or pending. These serve as proprietary assets that give investors another reason to invest in the company.
The downside to this is that the company has found itself the target of lawsuits regarding its patents. And it appears that at one point, IMMR stock was caught up in the meme stock craze. However, if you’re looking for an inexpensive stock that has upside potential, Immersion could be an ideal choice.
About Immersion
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.
Read More - Current Price
- $7.22
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.00 (52.4% Upside)
