Bank of America Reaffirms Buy on Meta (META) Ahead of Connect 2025

Meta Platforms, Inc. (NASDAQ:META) is one of the Hot AI Stocks to Keep on Your Radar. On September 9, Bank of America reiterated the stock as “Buy” and noted that it’s bullish heading into the Meta Connect Developer’s Conference next week. The firm holds a $900.00 price target.

The firm believes that the focus of the event this year is going to be on glasses hardware innovation and expanding AI capabilities across glasses and Meta’s apps. The company may also offer something for developers, such as new AI features across core apps, updates on Meta AI, and even Llama.

“Meta will kick off its annual Connect Developer Conf. on Sep 17, with the CEO’s keynote scheduled at 5pm. Last year’s event signaled a strategic shift from VR to mixed-reality glasses, and we expect this year’s event to focus on glasses hardware innovation and expanding AI capabilities across glasses and Meta’s apps. We expect: (1) official unveiling of Hypernova smart glasses; (2) demo Gesture-control wristband; (3) new smart glasses developer toolkit; (4) update on next-gen holographic glasses (Orion); and (5) 3rd generation Ray-Ban smart glasses with new features and capabilities. For developers, Meta may also use the event to unveil new AI features across core apps, updates on Meta AI, and Llama.”

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