Truist Financial Sets High Price Target for Meta Platforms (NASDAQ:META)

• Truist Financial has set a price target of $880 for Meta Platforms (NASDAQ:META), indicating a potential increase of about 13.89%.
• Meta Platforms is expanding into wearable technology with the launch of $799 Ray-Ban smart glasses, aiming to replace traditional smartphones.
• The new AI-powered Meta Ray-Ban Display glasses feature a built-in screen for displaying text messages, video calls, and more, showcasing Meta's push into innovative consumer technology.

On September 18, 2025, Truist Financial set a price target of $880 for Meta Platforms (NASDAQ:META). At the time, META's stock was priced at $772.66, suggesting a potential increase of about 13.89% to reach the target. Truist Financial is optimistic about Meta's long-term growth, as highlighted by TheFly. This optimism is partly driven by Meta's innovative product launches.

Meta Platforms, known for its social media services, is expanding into wearable technology with the introduction of $799 Ray-Ban smart glasses. These glasses, equipped with a screen, aim to replace traditional smartphones by integrating advanced AI features. This move is part of Meta's strategy to push the boundaries of consumer technology, competing with giants like Google and Apple.

The new AI-powered smart glasses, called the Meta Ray-Ban Display, were unveiled by CEO Mark Zuckerberg. They feature a built-in screen for displaying text messages, video calls, and more. The glasses are designed for short interactions, allowing users to stay in control. Each pair includes the Meta Neural Band, an EMG wristband that translates muscle signals into commands.

Following the announcement of the smart glasses, META's stock saw a rise in premarket trading. The glasses will be available at EssilorLuxottica's stores, Best Buy, and select Verizon outlets. This development also positively impacted EssilorLuxottica's shares, which increased by approximately 1.6%, reaching $324.73 (€274.50).

Currently, META's stock price on NASDAQ is around $786.21, reflecting an increase of about 1.35% or $10.50. The stock has fluctuated between $773.36 and $788.05 during the day. Over the past year, META's stock has reached a high of $796.25 and a low of $479.80. The company's market capitalization is approximately $1.98 trillion, with a trading volume of 3,319,494 shares.