From Financial Modeling Prep: 2025-04-02 14:22:00

Bank of America maintains a Buy rating and $765 price target on Meta Platforms (NASDAQ:META) as the company prepares to launch premium smart glasses called Hypernova. Priced between $1,000 and $1,400, these glasses boast an integrated display, advanced camera, AI assistant, and gesture control.

The success of Meta’s smart glasses hinges on overcoming challenges like battery life, comfort, and pricing. With Meta trading at a low valuation multiple compared to projected earnings, the glasses could boost the company’s ecosystem control and unlock new revenue streams through AI tools and subscriptions.

Meta’s smart glasses launch could shift market perception of its Reality Labs division from an expensive experiment to a valuable asset. Bank of America sees the glasses as a potential game-changer in bridging augmented reality with daily usability, driving consumer adoption and strengthening Meta’s core businesses.



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