Keep an eye on Unity Software (U).
Oversold, the stock could be one of the top metaverse trades to consider in a market that could be worth $800 billion by 2025, says Emergen Research.
According to Forbes.com, “The company is well suited for the Metaverse and industrial 3D worlds due to its history of supporting 3D game development. Unity is a game engine where more than 2.8 billion active users (MAUs) play games or apps built on Unity compared to Facebook’s 2.9 billion monthly active users. The total addressable market for gaming exceeds 4 billion MAUs and Unity serves 61% of game developers.”
At the moment, the Unity Software stock is up 9.2%, or $3.62 on no news. From here, we’d like to see the Unity stock refill its bearish gap around $50, near-term.
