Baader Helvea analyst Louis Billon warned that EssilorLuxottica's agreement to produce AI smart glasses for Meta may not bring that much advantage after all. Facebook owner Meta said this week that it will suspend the launch of its Ray-Ban Display smart glasses produced in collaboration with French-Italian eyewear giant EssilorLuxottica in countries other than the US, citing strong demand in the US and a shortage of supply. Billon said the delay showed that Meta and EssilorLuxottica were “unable to mass-produce these smart glasses”. “Simply put, it's an admission of failure,” he said. Baader downgraded EssilorLuxottica's stock rating from “overholding” to “undermining” and lowered its target price from 319 euros to 282 euros previously. EssilorLuxottica shares fell 1.2% to €269.20.

Baader Helvea analyst Louis Billon warned that EssilorLuxottica's agreement to produce AI smart glasses for Meta may not bring that much advantage after all. Facebook owner Meta said this week that it will suspend the launch of its Ray-Ban Display smart glasses produced in collaboration with French-Italian eyewear giant EssilorLuxottica in countries other than the US, citing strong demand in the US and a shortage of supply. Billon said the delay showed that Meta and EssilorLuxottica were “unable to mass-produce these smart glasses”. “Simply put, it's an admission of failure,” he said. Baader downgraded EssilorLuxottica's stock rating from “overholding” to “undermining” and lowered its target price from 319 euros to 282 euros previously. EssilorLuxottica shares fell 1.2% to €269.20.