Meta is shaping computing’s next form factors, says JPMorgan

JPMorgan reiterates an Overweight rating on Meta Platforms (META) with an $875 price target following the Connect event. Connect showcased Meta’s progress toward shaping computing’s next form factors, the analyst tells investors in a research note. The firm believes the company has earned the right to spend on future growth given its strong advertising performance. The company introduced the most advanced artificial intelligence glasses, the Meta Ray-Ban Display, which has a neural interface and mixed use battery life of up to six hours, JPMorgan says. Meta’s remains the firm’s top internet pick.