Meta Stock Rises As New Smart Glasses Impress Analysts - Meta Platforms (NASDAQ:META)

Core Viewpoint - Meta Platforms has introduced two new smart glasses, the $499 Oakley Meta Vanguard and the $799 Ray-Ban Display, which features built-in AR capabilities, receiving positive feedback from analysts [1][3]. Product Launch - The new smart glasses were unveiled at the Connect 2025 event, with the Ray-Ban Display being highlighted as offering significant value for its price [1][3]. - The Ray-Ban Display glasses are noted for their functionality, lightweight design, and intuitive use, which could position them as a primary device in the AI era [3]. Analyst Ratings and Price Targets - BofA Securities analyst Justin Post maintains a Buy rating with a price target of $900, citing strong potential for revenue growth driven by AI and advertising [2][4]. - JPMorgan analyst Doug Anmuth has an Overweight rating with a price target of $875, emphasizing Meta's strong ad performance and investment in future growth [5][7]. Financial Outlook - Anmuth projects Reality Labs losses of approximately $19 billion in 2025 and $21 billion in 2026, alongside a capital expenditure of around $71 billion in 2025 [5]. - Despite the anticipated losses, both analysts expect solid revenue and earnings per share growth in the coming years, supported by Meta's strategic focus on AI and the metaverse [6][7]. Market Performance - Meta Platforms shares are currently trading higher, reflecting positive market sentiment following the product announcements and analyst ratings [7].