Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMeta's Smart Glasses Ambitions Could Reshape Its Future; BofA Reiterates Buy

Meta’s Smart Glasses Ambitions Could Reshape Its Future; BofA Reiterates Buy

Add to Favorite
Added to Favorite


Bank of America is maintaining a Buy rating and $765 price target on Meta Platforms (NASDAQ:META) as the company reportedly gears up to introduce a new line of premium smart glasses—a potential game-changer for its hardware strategy.
The upcoming device, codenamed Hypernova, is expected to launch by the end of the year with a price tag between $1,000 and $1,400. According to reports, these next-gen glasses will come equipped with an integrated display for real-time updates, an enhanced camera on par with smartphones, a built-in AI assistant, and multiple input methods, including gesture control and a neural wristband that interprets brain signals.
Bank of America sees this product as a potential step forward in bridging the gap between augmented reality and daily usability, especially when compared to bulkier VR headsets. Still, success will depend on overcoming critical barriers like battery life, comfort, pricing, and—most importantly—the development of a killer app that drives broad consumer adoption.
At current trading levels around $580, Meta is valued at just 20x its 2026 projected GAAP EPS, or 16x excluding the costs of Reality Labs, suggesting that investors may be assigning little to no value to its hardware initiatives.
If the company can gain traction with its smart glasses, it could enhance control over its ecosystem, from user experience to data and distribution, further strengthening its core advertising and social media businesses. Meta may also unlock new revenue streams through AI-powered tools, accessories, and subscription offerings.
Bank of America believes the upcoming launch could be pivotal in shifting market perception of Meta’s Reality Labs division—from a costly experiment to a strategic asset with monetization potential.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Lamb Weston Holdings, Inc. (NYSE:LW) Faces Financial Challenges Amid Market Pressures

The consensus price target for Lamb Weston Holdings, Inc....

Adverum Biotechnologies, Inc. (NASDAQ:ADVM) Faces Scrutiny Amid Insider Confidence

Leonard Braden Michael, a significant shareholder, purchased 15,209 shares,...

UniFirst Corporation (NYSE: UNF) Earnings Overview

UniFirst Corporation (NYSE: UNF) reported an EPS of $1.32,...

Nanobiotix’s Financial and Developmental Update: A Glimpse into the Future

Earnings per share (EPS) of -$0.58, aligning with estimates,...