Meta Platforms, Inc. (META) Bolsters AI Glasses with new Software Update for Noise Reduction

Group 1: Software Update for AI Glasses - Meta Platforms, Inc. confirmed a new software update, V21, for its AI glasses, enhancing conversation capabilities in noisy environments and integrating with Spotify [1][2] - The update features a conversation focus that amplifies users' voices in loud settings, utilizing open-ear speakers and beamforming technology for better clarity [2][3] Group 2: Expansion of Instagram Reels - Meta is expanding its Instagram Reels service to television screens, allowing users to watch reel content on larger displays, marking a significant step in competing with other short-form video services [4] Group 3: Financial Outlook - Morgan Stanley's Brian Nowak reduced the price target for Meta Platforms to $750 from $820 while maintaining an Overweight rating, projecting $33 in FY27 EPS after trimming FY26 and FY27 EPS forecasts by about 8% each due to higher operating expense assumptions [5] Group 4: Company Overview - Meta Platforms, Inc. operates major social platforms like Facebook, Instagram, WhatsApp, and Messenger, primarily generating revenue through targeted advertising while investing in immersive technologies like VR/AR through its Reality Labs division [6]