Meta Platforms Stock (NASDAQ:META) Slips on New Smart Glasses, AI Logs
The Oakley Meta HSTN glasses—a co-production of social media giant Meta Platforms (META) and EssilorLuxottica—recently emerged, as Meta continues a practice of trying to take on the wearable tech market, which some thought was dead, or sufficiently full to where it no longer mattered. But that, and an unexpected new connection to artificial intelligence, left investors cold. Meta shares slid fractionally in Friday afternoon's trading.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The Oakley Meta HSTN glasses—which I am assured, amazingly, is pronounced how-stun—is the first step beyond the Ray-Ban brand, reports note. The new glasses will draw on the PRIZM Lens technology Oakley is known for, which delivers different responses to various weather conditions and light levels. Plus, the HSTN line has improved battery life over its predecessors as well as a better camera.
Plus, the HSTN glasses will pack a connection to the Meta AI digital assistant, which allows for a range of functions, starting with recording videos on command or retrieving weather data. The HSTN glasses are water resistant—which means they cannot be immersed to a specific depth, but will do just fine against rain and sweat—and offer several frame color choices for aesthetics. There is even a 'limited-edition' version that offers gold lenses, but will cost $499.
Be Careful What You Ask That AI
But then, a more disturbing revelation emerged about Meta and its connection to AI. Meta's AI system as a tab known as 'Discover,' which apparently keeps track of what people ask Meta. And then, reveals that to other people. That is all fine and well when you want Meta AI to make you a picture of an '…adorable Maltese dog (that) becomes a heroic lifeguard,' but if you're like one guy who asked about countries were '…younger women like older white men,' it may not be the kind of thing you want known. And the discussion topics get worse and weirder from there; don't ask about the poor Nigerian fellow who developed a rash somewhere on his person after shaving.
The list goes on; Specific medical issues are discussed, discussion on crimes committed, extramarital affairs, and even specific home addresses are given. And this is leading to a growing number of users calling for the Discover tag to be removed. While text prompts were apparently pulled for a while, subsequent reports noted they returned later.
Is Meta Platforms a Buy, Sell or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 42 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 40.62% rally in its share price over the past year, the average META price target of $707.16 per share implies 2.59% upside potential.
See more META analyst ratings
Disclosure
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
20 minutes ago
- Globe and Mail
Stock Futures Up as SPX Eyes New High
U.S. stock futures trended higher ahead of Friday's session as investors watched major indexes near record highs and awaited key inflation data. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.11%, 0.15%, and 0.12%, respectively, at 1:09 a.m. EST, June 27. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In Thursday's trading, the stock market posted solid gains, with both the S&P 500 and Nasdaq 100 closing near all-time highs. The S&P 500 rose 0.80%, the Nasdaq 100 added 0.94%, and the Dow Jones climbed about 0.9%. On Friday, all eyes will be on the May reading of the personal consumption expenditures (PCE) price index, a key inflation gauge.
Globe and Mail
25 minutes ago
- Globe and Mail
Should You Forget Sirius XM? This Stock Has Made Far More Millionaires.
Anytime Warren Buffett makes a move, the entire investing world watches closely. So it makes sense that investors might be interested in buying shares of Sirius XM (NASDAQ: SIRI). Buffett's conglomerate Berkshire Hathaway owns 35.4% of the satellite radio operator. However, Sirius XM stock has been a dud, generating a total return of negative 55% in the past five years (as of June 26). At the same time, the S&P 500 index put together a total return of 113% in that period. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Should investors forget about Sirius XM altogether? A different stock has made far more millionaires. The thesis for SiriusXM stock When Buffett and his team decide to buy a large stake in a business, investors should take the time to understand the reasoning behind such a decision. I believe there are some key factors that might make Sirius XM a stock worth considering. For starters, the business collects a recurring revenue stream from subscriptions. In the first quarter (ended March 31), 77% of its overall sales were derived from subscriptions. Management at least has some visibility when it comes to forecasting financial performance into the future. Sirius XM is the only satellite radio provider in the U.S. Therefore, it has a legal monopoly. This creates a durable competitive strength supporting the business, which is a feature I'm sure encourages Buffett. There aren't direct rivals to Sirius XM, although there is competition from streaming platforms. And for what it's worth, the leadership team is driving expense reductions, which could lead to higher free cash flow. The stock is cheap at a forward price-to-earnings (P/E) ratio of 7.9, with a healthy dividend yield of 4.81%. However, the business is not growing. In Q1, Sirius XM's domestic subscribers were down 2% year over year, revenue was down 4%, and net income was down 15%. The market clearly isn't happy with this trend. Maybe it's time to buy this millionaire maker Sirius XM continues to be a huge disappointment for its shareholders, so it might be time to switch gears and focus on a proven winner. Just look at Amazon (NASDAQ: AMZN), whose shares have catapulted 12,000% higher in the past two decades. A $8,300 investment made in the tech giant in June 2005 would be worth $1 million today. There are three main reasons to believe that Amazon can continue being a winner for investors. The most obvious is that the company benefits from numerous secular trends. Amazon is able to grow revenue on the backs of online shopping, digital advertising, cloud computing, and artificial intelligence. At the same time, Sirius XM is facing an uphill battle going against streaming services. Another reason is that Amazon's profits are soaring. Operating income jumped 86% year over year in 2024, before rising 20% in Q1. And looking ahead, analysts think Amazon's bottom line will grow at a faster rate than revenue, which underscores the company's ability to optimize costs. Despite the stock crushing the market, the valuation is reasonable. Investors can buy Amazon shares at a forward P/E ratio of 34.1. Given the company's dominance, its ability to constantly innovate and enter new markets, and its renewed focus on profitability, it's time to consider making an investment in Amazon. It can be difficult to forget about a stock that Warren Buffett and Berkshire Hathaway seem to favor. But sometimes it's best to pay attention to the winners that are right in front of you. Amazon is more deserving of your capital than Sirius XM. Should you invest $1,000 in Sirius XM right now? Before you buy stock in Sirius XM, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sirius XM wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Globe and Mail
40 minutes ago
- Globe and Mail
Stock Market News for Jun 30, 2025
U.S. stock markets closed sharply higher at record-high level on Friday. Expectations of U.S.-China trade deal favorable economic data boosted market participants confidence in risky assets like equities. All three major stock indexes ended in positive territory. For the week as a whole, these indexes also finished in positive zone. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) climbed 1% or 432.43 points to close at 43,819.27. At intraday high, the blue-chip index was up nearly 580 points. Notably, 24 components of the 30-stock index ended in positive territory and 6 finished in negative zone. The index is 2.7% away from its all-time high recorded on Dec 4, 2024. The tech-heavy Nasdaq Composite finished at 20,273.46, advancing 0.5% or 105.54 points due to strong performance of AI-centric technology bigwigs. This was a new record-high closing for the index. In intraday trading, the tech-laden index also posted a new all-time high of 20,311.51. Shares of AI behemoths like NVIDIA Corp. NVDA, Alphabet Inc. GOOGL and Inc. AMZN gains 1.7%, 2.9% and 2.8%, respectively. All three stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The S&P 500 rose 0.5% to finish at 6,173.07, marking a new closing-high. In intraday trading, Wall Street's most observed benchmark posted a new all-time high of 6,187.68. Eight out of 11 broad sectors of the broad-market index ended in positive territory while three in negative zone. The Communication Services Select Sector SPDR (XLB), the Consumer Discretionary Select Sector (SPDR) and the Industrials Select Sector SPDR (XLI) rose 1.2%, 1.7% and 1%, respectively. On the other hand, the Energy Select Sector SPDR (XLE) was down 0.5%. The fear-gauge CBOE Volatility Index (VIX) was down 1.6% to 16.32. A total of 22.07 billion shares were traded on Friday, higher than the last 20-session average of 18.27 billion. Advancers outnumbered decliners on the NYSE by a 1.29-to-1 ratio. On Nasdaq, a 1.11-to-1 ratio favored declining issues. Hope for Trade Deals The Bloomberg News citing Commerce Secretary Howard Lutnick that the framework of a trade deal between the United States and China has been reached. China also subscribed to this statement. The Trump administration is hopeful to reach trade deals with 18 major trading partners of the nation. White House Press Secretary Karoline Leavitt said that July 8 and 9 deadlines given by President Trump for restarting tariffs on those nations are 'not critical.' Economic Data The Department of Commerce reported that the headline personal consumption expenditure (PCE) inflation fell 0.3% in May. Both the consensus estimates and April's data was 0.1%. Year over year, the headline PCE inflation rose 2.3%. Core PCE inflation (excluding volatile food and energy items) rose 0.2% in May. Both the consensus estimates and April's data was 0.1%. Year over year, core PCE inflation rose 2.7%, higher-than the consensus estimate of 2.6%. Personal income fell unexpectedly in May by 0.4% in contrast to the consensus estimate of a rise of 0.4%. The data for April was revised downward to 0.7% from 0.8% reported earlier. Personal spending also fell 0.1% in May. The consensus estimate was for 0%. The data for April was 0.2%. Personal savings rate in May decreased to 4.5% from 4.9% in April. The University of Michigan reported that the final reading for consumer sentiment index in June came in at 60.7%. Both the consensus estimates and the preliminary reading of June was 60.5%. The final reading for May was 52.2%. The sub-index for current economic conditions came in at 64.8% in June compared with 58.9% in May. The sub-index for consumer expectations came in at 58.1% in June compared with 47.9% in May. One year inflation expectations significantly dropped to 5% in June from 6.6% in May. Long-term (5 Years) inflation expectations fell to 4% in June from 4.2% in May. Weekly Roundup Last week was highly successful for Wall Street. The three major stock index – the Dow, the S&P 500 and the Nasdaq Composite – rallied 3.8%, 3.4% and 4.2%. Hope for major trade deals, ceasefire in Middle-East geopolitical conflicts and expectations of further interest rate cut in the second half of 2025 bolstered investors sentiments. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report
