In this article, we will discuss the 10 Most Promising Metaverse Stocks to Buy Now.
On June 15, US stocks rallied after President Donald Trump announced a deal to end the war with Iran and reopen the Strait of Hormuz oil shipping corridor. This development bolstered investor sentiment as it raised hopes that energy prices will fall and reduce pressure on the global economy.
The Dow Jones Industrial Average closed at a record high, while the tech-heavy Nasdaq posted its strongest daily gain since March.
It will certainly take some time for the ship traffic through the Strait of Hormuz to return to the pre-war level and more oil to get to the market. Still, the peace deal has reduced market uncertainty and left Wall Street feeling good about the economic outlook.
“The market is interpreting this as the economy is going to get stronger,” Joseph Brusuelas, chief economist at RSM, told the Wall Street Journal on June 15. Also on June 15, Wells Fargo raised its year-end target for the S&P 500. The firm cited easing macroeconomic risks and stronger corporate earnings expectations.
“Markets are higher on a classic relief rally. We have a US-Iran deal that’s driving oil sharply lower. This is easing inflation fears and basically pushing investors back into risk assets like technology,” Gene Goldman, chief investment officer at Cetera Investment Management, told Reuters on June 15.
Speaking of a return to risk assets as the global economic outlook improves, investors continue to search for long-term growth opportunities tied to the next wave of digital transformation.
One area attracting renewed interest right now is the metaverse. Themes like augmented reality, extended reality, digital twins, and immersive platforms continue to gain traction. AI has turned out to be a powerful enabler of these technologies. Grand View Research projects the global metaverse market to expand from around $105.4 billion in 2024 to nearly $936.6 billion by 2030.
That said, this article explores some of the most promising metaverse stocks to buy now.
Source: Pexels
Our Methodology
For this list of 10 most promising metaverse stocks to buy now, we began by identifying metaverse-related stocks from ETFs such as the iShares Future Metaverse Tech and Communications ETF. From there, we shortlisted companies that either develop metaverse platforms directly (such as virtual reality, augmented reality, and extended reality ecosystems), or enable and monetize immersive digital experiences. We analyzed the stock’s upside potential and hedge fund holdings in Q1 2026. Finally, we ranked the stocks based on the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Most Promising Metaverse Stocks to Buy Now
10. NetEase Inc (NASDAQ:NTES)
Number of Hedge Fund Holders: 23
Stock Upside Potential: 20.33%
NetEase Inc (NASDAQ:NTES) is one of the most promising metaverse stocks to buy now. NetEase stock has gone up more than 12% in the past month, and analysts see more upside potential.
On May 22, Benchmark reiterated a Buy rating on NetEase Inc (NASDAQ:NTES) stock with a price target of $158. This followed NetEase’s strong Q1 2026 results. Revenue increased 6.1% YoY to $4.4 billion, and Non-GAAP basic net income was $0.51 per share, compared with $0.32 per share, in the previous quarter. The quarter was supported by the strong performance of legacy franchises and advancing overseas expansion.
Looking ahead, Benchmark sees several opportunities for NetEase’s margin expansion. These include declining channel costs, improved operating leverage supported by long-lived franchises, and a higher mix of cross-platform titles. In light of this, the brokerage raised its margin assumptions for NetEase for fiscal 2026 and 2027.
Benchmark also noted that NetEase is well-positioned to adapt to AI-driven industry changes. The company is integrating AI tools into development workflow as well as gameplay systems. This is leading to enhanced productivity and content innovation. As early as 2021, NetEase has been focused on building a metaverse. The company developed an immersive avatar-based virtual event platform called Yaotai. It also offers AI-driven immersive experiences through its NetEase Games division.
NetEase Inc (NASDAQ:NTES) is a Chinese technology company best-known for developing and publishing videogames. It has delivered a diverse lineup of immersive games across multiple platforms. The company also offers advertising and media streaming.
9. Snap Inc (NYSE:SNAP)
Number of Hedge Fund Holders: 46
Stock Upside Potential: 48.76%
Snap Inc (NYSE:SNAP) is one of the most promising metaverse stocks to buy now.
On June 4, Variety reported that Snap Inc (NYSE:SNAP) has acquired Illumix to bolster its augmented reality (AR) efforts. Illumix develops AR products that connect digital and physical environments. Its products include an AR version of the video game Five Nights at Freddy’s. According to the report, Snap will leverage Illumix’s technology and platform as it works to revamp its AR glasses known as Specs.
As it expands its work in the AR space, Snap formed a standalone unit called Specs Inc. to focus on developing AR glasses. This comes as the company counts on AR products to fuel its future growth. Snap believes that smartglasses, such as its Specs AR glasses, will be the most important computing platform since the smartphone.
According to the management remarks during the Q1 2026 earnings call on May 6, Snap is well-positioned to shape the future of smartglasses. The company has continued to improve its platform to enhance Specs experiences across learning, gaming, and AI assistance.
Snap Inc (NYSE:SNAP) operates the Snapchat social media platform and offers augmented reality (AR) experiences. Its Specs glasses enable users to overlay digital features in the physical world. The company also offers a library of interactive AR lenses.
8. Baidu Inc (NASDAQ:BIDU)
Number of Hedge Fund Holders: 50
Stock Upside Potential: 46.08%
Baidu Inc (NASDAQ:BIDU) is one of the most promising metaverse stocks to buy now. Baidu shares have gained more than 32% over the past year, and analysts see more upside in the stock.
On June 15, Reuters reported that TikTok parent ByteDance is considering ordering AI chips from Baidu Inc (NASDAQ:BIDU). Through its semiconductor subsidiary Kunlunxin, Baidu supplies graphics processing units used to power AI data centers and virtual world platforms. Tencent, a leading publisher of interactive videogames, is among Baidu’s chip customers.
Baidu expects its AI capabilities business to drive strong revenue growth in the future as the legacy advertising business cools. The AI capabilities business spans everything from AI chip sales to AI model offerings.
In addition to selling chips to external clients, Baidu uses Kunlunxin chips internally to power its own offerings, including its AI systems and cloud solutions. Baidu plans to spin out Kunlunxin into a separate publicly traded company as soon as this year. It’s considering Kunlunxin IPO in both Hong Kong and Shanghai, the Wall Street Journal reported on June 3. Baidu expects the spinoff to make it easier for the chip unit to acquire external customers.
Baidu Inc (NASDAQ:BIDU) is a Chinese tech giant that offers an internet search engine and cloud computing services. The company developed a metaverse platform known as XiRang, and its XiLing platform enables users to create 3D and 2D virtual humans.
7. Roblox Corp (NYSE:RBLX)
Number of Hedge Fund Holders: 66
Stock Upside Potential: 59.23%
Roblox Corp (NYSE:RBLX) is one of the most promising metaverse stocks to buy now.
On June 15, TD Cowen commented that there was a meaningful jump in user engagement on Roblox Corp (NYSE:RBLX) platform over the weekend. According to the brokerage, the 10% increase in engagement on the platform was the best week-over-week performance seen in more than two years.
TD Cowen attributed the increase in engagement to various factors. It cited Russia lifting the ban on Roblox’s gaming platform after noting that the company has complied with local legal requirements.
The firm also said the start of summer vacation and the rollout of Grow a Garden 2 contributed to the engagement growth. The Grow a Garden 2 game went live over the weekend, and it alone was responsible for roughly 4% of total engagement during that period. Grow a Garden is a metaverse game in which players buy seeds, plant crops, harvest, and sell produce. Players can also steal from neighbors and team up in guilds.
The Grow a Garden 1 was released in late March 2025 and had reached 3 million average concurrent users (ACUs) by July 2025. If the Grow a Garden 2 follows that trajectory, TD Cowen believes Roblox could be on track to surpass its current annual bookings estimates.
Roblox Corp (NYSE:RBLX) operates a game creation engine and an immersive digital platform. It is a virtual universe where users can play, build, and socialize in 3D spaces. The experiences in this virtual world range from obstacle courses to role-playing simulations and shooter games.
6. Unity Software Inc (NYSE:U)
Number of Hedge Fund Holders: 67
Stock Upside Potential: 33.25%
Unity Software Inc (NYSE:U) is one of the most promising metaverse stocks to buy now. Unity Software Inc. (NYSE:U) is seen as a metaverse stock because its real‑time 3D engine powers VR/AR and immersive applications, and in April 2026 it extended its partnership with Meta to support VR developers.
While Meta has reallocated some of its attention from its metaverse ambitions, it still relies on Unity’s engine for Quest VR content, making the partnership about enabling high‑quality VR experiences rather than Horizon Worlds. With millions of developers using Unity’s tools and OpenXR ensuring cross‑platform deployment, Unity’s Create segment remains central to metaverse growth, positioning the company as a key enabler of digital twins, virtual collaboration, and interactive 3D worlds.
On June 2, Piper Sandler raised its price target on Unity Software Inc (NYSE:U) shares to $40 from $35 and gave the stock an Overweight rating. The brokerage pointed out that Unity is rebuilding its Grow business segment and that the progress is impressive.
Piper Sandler also noted the success of Unity’s AI-powered advertising platform known as Vector. In its Q1 2026 report, Unity stated that the 24% YoY growth in its Grow business revenue was driven by the Vector platform. Piper Sandler noted that Vector platform’s success so far has been without proprietary data, and so the firm said this makes new data sources exciting.
Piper Sandler also addressed AI and competition concerns around Unity. According to the firm, AI threats to the company are overblown. Regarding competition, the firm believes that Unity could benefit from the success of AppLovin rather than being hurt by it.
The brokerage expects Unity to exceed its 2027 estimates for revenue of $1.68 billion and EBITDA of $776 million.
Unity Software Inc. (NYSE:U) develops a platform for creating and growing interactive experiences across mobile, PC, consoles, and extended reality devices worldwide. Its tools include Create Solutions for building real‑time 2D/3D content and Grow Solutions for user engagement and monetization. Unity also offers AI‑powered developer support, enterprise services, consulting, and advertising solutions.
While we acknowledge the potential of U to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than U and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 Most Promising Metaverse Stocks to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.
Hedge Fund Resource Center