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7 Virtual Reality Stocks That Can Deliver Very Real Profits - 6 of 7

 
 

#6 - Sony (NYSE:SNE)

One way to approach purchasing virtual reality stocks is to look for trends within the trend. When it comes to virtual reality stocks, instead of creating a metaverse, look to what already exists. By this I mean, role-playing game franchises that are driven by a storyline.

Which makes a case for Sony (NYSE: SNE) the world’s largest seller of video gaming consoles and the creator of exclusive gaming franchises such as God of War and The Last of Us. One competitive advantage that the company cites is the ability for game players to view the game in their headset while other players can view it on a TV screen.

The company already has a virtual reality headset in market with its Playstation VR. Sony released Playstation 5 in November 2020 and is expecting to sell 4 million systems this year.  SNE stock is near the price target set by analysts. However, it’s about 10% below its 52-week high.

About Sony

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks by Sony Interactive Entertainment; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices. More about Sony
Current Price
$25.53
Consensus Rating
N/A
Ratings Breakdown
0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
N/A