Meta (META) Unveils AI Glasses at Connect Conference, Stifel Maintains Buy Rating

Meta Platforms, Inc. (NASDAQ:META) ranks among the best hot AI stocks to buy right now. Following Meta’s keynote presentation at the Annual Connect conference on September 17, Stifel reiterated its $900 price target for Meta Platforms, Inc. (NASDAQ:META) and maintained its Buy rating on the company’s shares.

The conference featured Meta’s newest range of AI glasses, which include the Oakley Meta Vanguard, the next generation of Meta Ray-Bans, and a new product dubbed Meta RayBan Display that features an interactive neural interface and an in-lens display overlay.

Despite a few issues during the live presentation, Stifel emphasized that the RayBan Display’s $799 price point was “wildly attainable” given the technology included in the product.

During the conference, Meta Platforms, Inc. (NASDAQ:META) also unveiled upgrades to its Horizon ecosystem, including a new Horizon Engine and agentic capabilities for Horizon Studio.

Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company known primarily for its flagship platforms Facebook, Instagram, and WhatsApp, as well as its revolutionary advances in augmented reality (AR) and virtual reality (VR).

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.