Evercore ISI Reiterates Outperform Rating on Meta Platforms (META) as AI Subscriptions Drive Growth
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Evercore ISI Reiterates Outperform Rating on Meta Platforms (META) as AI Subscriptions Drive Growth Sheryar Siddiq Wed, July 1, 2026 at 11:58 AM EDT 2 min read META Meta Platforms Inc. (NASDAQ: META ) ranks among the AI stocks beyond NVIDIA that could surge in 2026 . On June 23, Meta Platforms Inc. (NASDAQ:META) launched a new set of $299 smart glasses, at a minimum $80 less expensive than the company's entry-level second-gen Meta Ray-Ban glasses. The tech giant is actively promoting its smart glasses to consumers as the eyewear market competition intensifies and consumers see increasing value in AR-based devices. Meanwhile, Evercore ISI maintained its Outperform rating and $930 price target for Meta Platforms Inc. (NASDAQ:META) on June 17, after the company's introduction of consumer and commercial paid subscription services spanning its Family of Apps and new Meta One AI subscription products. Meta Platforms Inc. (NASDAQ:META) is launching consumer app-level Plus subscriptions for Facebook, Instagram, and WhatsApp, as well as consumer Meta One AI tiers that combine app-level benefits with increased Meta AI use. Evercore predicts that, with every 1% adoption among around 5.9 billion cumulative daily active users at a combined average revenue per user of $3.50, the products would produce an additional $2.5 billion in annual revenue. Meta Platforms Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, VR headsets, and AI glasses. Some of its apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs and Family of Apps segments. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News .
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