Meta Platforms, Inc. (NASDAQ:META) is definitely one of the hottest names in AI stocks to watch right now. After their keynote at the Annual Connect conference on September 17, investment firm Stifel reiterated their optimistic forecast with a $900 price target and maintained a Buy rating on the company’s shares.
Diving into the highlights from the conference, one of the exciting unveilings was Meta’s latest AI glasses lineup. This new range includes the Oakley Meta Vanguard, an upgraded version of Meta’s Ray-Bans, and an innovative model known as the Meta RayBan Display. This particular product features an interactive neural interface and unique displays integrated right into the lenses.
There were a few hiccups during the live demonstration, but Stifel made it clear that the $799 price tag for the RayBan Display is quite reasonable given the advanced tech packed into it.
Additionally, Meta showcased enhancements to its Horizon ecosystem, introducing a revamped Horizon Engine and new capabilities for Horizon Studio.
Meta is well-known for its big platforms like Facebook, Instagram, and WhatsApp, but it also makes waves with its cutting-edge developments in augmented reality (AR) and virtual reality (VR).
While it’s clear that META has great potential for growth, we believe that there are other AI stocks with even greater promise for significant returns and less risk. If you’re in the market for AI stocks that could truly skyrocket, take a look at our report discussing the most affordable AI stock with extreme upside potential.
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Disclosure: None. Originally published at Insider Monkey.
