Next 6-12 months crucial for prediction platforms like Kalshi and Polymarkets
Investing.com - Meta Platforms Inc. (NASDAQ:META), now a $1.96 trillion tech giant, received a reiterated Buy rating and $860.00 price target from Monness, Crespi, Hardt following the company’s Meta Connect 2025 event last week. According to InvestingPro data, 32 analysts have recently revised their earnings expectations upward for the upcoming period, reflecting growing confidence in the company’s trajectory.
The research firm highlighted Meta’s introduction of new AI glasses and metaverse innovations at the event, which it believes will improve user experience, create new advertising opportunities, support developers, extend the company’s reach, and strengthen platform influence. The company’s strong financial position, with an impressive 82% gross profit margin and 19.37% revenue growth, provides solid backing for these innovative initiatives.
Monness identified the Meta Ray-Ban Display as the keynote’s highlight, describing it as "the most advanced AI glasses we’ve ever sold with a full-color, high-resolution display that’s there when you want it and gone when you don’t." The glasses support messages, photos, translations, Meta AI, and other features.
The new AI glasses include a Meta Neural Band that enables users to interact with the glasses through scrolling and clicking, with future capabilities to write messages by finger movement. The device will provide access to Meta AI with visuals, messaging, video calling, navigation, live captions, and translation features.
Meta Ray-Ban Display offers an 18-hour battery life and starts at $799, according to the research note. While Meta is well-positioned to benefit from digital advertising trends and AI innovation, trading near its 52-week high of $796.25, the company continues to face regulatory scrutiny and challenging macroeconomic conditions. For deeper insights into Meta’s valuation and growth prospects, including 13 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Meta Platforms has received approval for its Llama AI system to be used by U.S. government agencies, marking a significant step in integrating commercial AI tools into federal operations. The General Services Administration will include Llama in its list of approved AI tools, facilitating its use across various government departments. Additionally, Canaccord Genuity has maintained its Buy rating and $900 price target for Meta, following the company’s annual developer conference where new smart glasses and SDK integrations were announced. Barclays has also reiterated its Overweight rating and $810 price target, highlighting potential revenue growth from WhatsApp and Threads, with projections of up to $25 billion in additional ad revenue by 2027.
In related developments, Meta’s decision to replace Unity Software’s runtime with its own Meta Horizon tool for AR/VR applications has led Morgan Stanley to reaffirm its Overweight rating on Unity, suggesting no revenue impact from this change. Despite this, Unity Software’s shares experienced a decline after the announcement, as Meta introduced its new Meta Ray-Ban Display smart glasses. These glasses, priced at $799, include a built-in screen capable of displaying text messages, video calls, and other features.
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