Meta Platforms to Double Production For Meta Glasses While TD Cowen Lifts PT From $810 to $820

Meta Platforms, Inc. (NASDAQ:META) is one of the 15 Best S&P 500 Stocks to Look For in 2026.

On January 13, TheFly reported that TD Cowen lifted the price target on Meta Platforms, Inc. (NASDAQ:META) from $810 to $820, keeping the Buy rating on the stock. TD Cowen’s analyst John Blackledge increased the price target on META following its advertising buyer survey from its Q4 2025 preview.

TD Cowen’s Ad buyer survey forecasts Meta’s social media platforms, Facebook and Instagram, will increase their global digital advertising share from 30% to 34% through 2030, driven by share gains.

In other news, on January 12, Bloomberg reported that Meta Platforms and EssilorLuxottica are in talks to potentially double production capacity for Meta smart glasses. According to the report, Meta has suggested increasing annual production capacity to 20 million units or more by the end of 2026. Demand for the Ray-Ban Meta frames is high, as both companies aim to increase supply. The two companies have also discussed establishing the capability to produce over 30 million units, should demand warrant such a move, the Bloomberg report added.

Meta Platforms, Inc. (NASDAQ:META) operates through two segments: Reality Labs and Family of Apps. The company connects people through its social media applications and is engaged in the development of virtual reality and mixed reality headsets, augmented reality, and wearables.

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