In a report released today, Brian Nowak from Morgan Stanley maintained a Buy rating on Meta Platforms, with a price target of $850.00.
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Brian Nowak has given his Buy rating due to a combination of factors, primarily focusing on Meta Platforms’ innovative strides in the next generation of personal computing. The introduction of new wearable products, particularly the Meta Ray-Ban Display glasses, highlights Meta’s leadership in the wearables market. These glasses, equipped with a screen in the lens and controlled by a neural wristband, showcase Meta’s commitment to integrating AI and proprietary hardware to enhance user experiences.
Furthermore, the company’s strategic approach to developing a full-stack next-gen computing platform positions it well to capture future opportunities. By leveraging its unique data sets and AI-native integration, Meta is set to offer richer and more immersive interactions through its products. Although immediate financial gains from these innovations may be limited, the long-term potential for growth and market capture justifies the Buy rating.
In another report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $920.00 price target.