5 Best Virtual Reality Stocks to Buy

2. Sony Group Corporation (NYSE: SONY)

Number of Hedge Fund Holders: 28  

Sony Group Corporation (NYSE: SONY) is a Tokyo-based multinational technology firm that primarily makes and sells electronics. The firm is famous for being a leader in selling video game hardware like the PlayStation and plans to compliment these sales with virtual reality gear as it prepares for the next generation of video game enthusiasts. Earlier this year, it was reported that the firm was working on a VR headset that would ship with units of the PlayStation Five to give advanced gaming experiences to customers. 

The firm was founded in 1946 and is placed second on our list of 10 best virtual reality stocks to buy. Sony Group Corporation (NYSE: SONY) was given a Buy rating by investment advisory Oppenheimer on April 29 with a price target of $135. On April 19, investment bank Goldman Sachs also maintained a Buy rating on Sony stock. 

At the end of the fourth quarter of 2020, 28 hedge funds in the database of Insider Monkey held stakes worth $593 million in the firm, up from 26 in the preceding quarter worth $369 million.