Meta Platforms is hosting its annual Connect conference today to reveal a new lineup of hardware and AI products. The keynote features smart glasses co-developed with EssilorLuxottica, including a camera-free version to address privacy lawsuits and usage restrictions. Analysts also expect a new generation of camera-equipped Ray-Bans and advanced Phoenix augmented-reality glasses.
The company is showcasing advancements in its Muse AI assistant, which recently launched as a consumer app. The AI agent's ability to perform automated tasks has raised disruption concerns among investors in the banking, insurance, and travel sectors.
KeyCorp raised its price target on Meta from $780 to $900 ahead of the event. The firm cited AI-driven growth opportunities as the primary catalyst for the valuation increase.