Truist Financial Sets High Price Target for Meta Platforms (NASDAQ:META)

Group 1 - Truist Financial has set a price target of $880 for Meta Platforms (NASDAQ:META), indicating a potential increase of about 13.89% from the current stock price of $772.66 [1][6] - Meta Platforms is expanding into wearable technology with the launch of $799 Ray-Ban smart glasses, aiming to replace traditional smartphones [2][6] - The new AI-powered Meta Ray-Ban Display glasses feature a built-in screen for displaying text messages, video calls, and more, showcasing Meta's push into innovative consumer technology [3][6] Group 2 - Following the announcement of the smart glasses, META's stock saw a rise in premarket trading, positively impacting EssilorLuxottica's shares, which increased by approximately 1.6% [4] - Currently, META's stock price on NASDAQ is around $786.21, reflecting an increase of about 1.35% or $10.50, with a market capitalization of approximately $1.98 trillion [5]