tradingkey.logo

Meta to sell Oakley smart glasses, shares above session lows

ReutersJun 18, 2025 12:27 AM

** Shares of Meta Platforms Inc META.O fall 0.5%, just above session lows, after a report the social media platform and EssilorLuxottica ESLX.PA plan to launch smart glasses under Oakley and Prada brands

** CNBC reported META's plan to sell AI-powered glasses from Oakley and Prada will build on success of Ray-Ban smart glasses launched in partnership with EssilorLuxottica in 2023

** META up 19% YTD, vs Nasdaq's .IXIC 1% increase

** Seventy-two analysts cover META, on avg, rating it "buy"; however, their median PT of $700 is barely above its current price of $697.46

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI