Meta Introduces AI Glasses - This investor's tip rejoices with
In a groundbreaking collaboration, Meta and EssilorLuxottica have announced the release of the Meta Ray-Ban Display, the world's first AI glasses with an integrated display. This innovative product, controlled via hand and finger movements with the Meta Neural Band, an EMG wristband, redefines what 'hands-free' means.
The Meta Ray-Ban Display marks a significant step forward in wearable technology, combining state-of-the-art lens technology and wearable design with Meta's AI and software expertise, as stated by EssilorLuxottica's CEO, Francesco Milleri.
Investors are pleased as both Meta's and EssilorLuxottica's shares are soaring, with EssilorLuxottica's stock already gaining 39 percent since it was recommended for buying in July. RBC analyst Piral Dadhania expects an acceleration in sales volumes for EssilorLuxottica in the fourth quarter, reflecting the growing interest in this innovative product.
Analysts are bullish on EssilorLuxottica's stock, with 15 out of 24 analysts listed on Bloomberg recommending buying the stock. Aristotelis Moutopoulos of DZ Bank has a price target of 313 euros for EssilorLuxottica's stock, while Dadhania maintains an "outperform" rating and sets a price target of 290 euros.
However, it is unclear which main shareholder Aristotelis Moutopoulos from DZ Bank recommended buying EssilorLuxottica shares in July 2024. Seven analysts advise "hold" for EssilorLuxottica's stock, suggesting a more cautious approach.
The Meta Ray-Ban Display is not the only new product gracing the market. A new product for athletes, the Oakley Vanguard, has also been introduced, further expanding EssilorLuxottica's product range. Additionally, there is an updated version of the classic Ray-Ban line available.
The Meta stock is also currently recommended by AKTIONÄR, adding to the positive sentiment surrounding the partnership between Meta and EssilorLuxottica.
Investors continue to hold EssilorLuxottica's stock, letting the profits run, indicating a strong belief in the company's future potential. With the Meta Ray-Ban Display and the next generation of Ray-Ban Meta and Oakley Meta glasses set to reach a new level of style and performance, the future looks bright for both Meta and EssilorLuxottica.
