Meta Platforms’ latest venture into wearable tech, Oakley Meta HSTN glasses, saw investors take a hit after concerns over artificial intelligence integration surfaced. The glasses feature PRIZM Lens technology and improved battery life but may have compromised user data due to the company’s AI system, “Discover.” This system reportedly shares sensitive information, sparking calls for its removal from users.
Despite this, Wall Street analysts remain bullish on META stock, with a Strong Buy consensus rating based on 42 Buys and one Sell over the past three months. The average price target of $707.16 implies 2.59% upside potential, following a 40.62% share price rally over the past year. As investors weigh the risks and rewards, they must consider Meta’s AI capabilities before making an informed decision about buying, selling, or holding its stock.
Source: https://www.tipranks.com/news/meta-platforms-stock-nasdaqmeta-slips-on-new-smart-glasses-ai-logs