• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

EssilorLuxottica share price jumps on Meta’s 3% stake

by July 9, 2025
by July 9, 2025

Shares in French-Italian eyewear giant EssilorLuxottica jumped more than 5% to €251.70 on Tuesday after reports emerged that Meta Platforms had acquired a nearly 3% stake in the company, worth approximately €3 billion ($3.5 billion).

If gains hold, it would mark EssilorLuxottica’s best trading day since mid-February.

According to sources cited by Bloomberg and Reuters, Meta is considering further investments that could raise its stake to around 5% over time.

The move reinforces Meta’s long-term commitment to the AI-powered wearables space and highlights the strength of its existing collaboration with the Ray-Ban parent, particularly in the development of smart glasses.

Analysts back the move, citing high growth, but warn of increased competition

Meta and EssilorLuxottica began working together in 2023 with the launch of Ray-Ban Meta smart glasses, which have seen strong consumer uptake.

The social media company recently expanded its wearables portfolio by teaming up with Oakley to debut the Oakley Meta HSTN—a new line of AI-enhanced glasses featuring open-ear audio, high-resolution cameras, water resistance, and Meta AI integration.

Meta Platform’s reported minority-stake investment in EssilorLuxottica should be read as a vote of confidence in the Ray-Ban maker, Bernstein analysts said.

It also supports Meta’s interest in the smart-glasses sector, a sector toward which Apple has pivoted recently, they said.

“We have no doubt that the smart-glasses opportunity will be large, and EssilorLuxottica will likely benefit given its production and manufacturing prowess,” the analysts wrote in a research note.

However, smart glasses may one day be sold in place of traditional glasses, which would impact the French company’s core business, they say.

Analyst views on earnings

With second-quarter earnings around the corner, analysts expect EssilorLuxottica to post solid growth across all major markets.

UBS forecasts sales of €7.24 billion for Q2, a 7% year-on-year increase at constant currency.

While North America—the company’s largest market—is projected to grow 4.1%, gains in Europe, Asia, and Latin America are expected to reach double digits.

CEO Francesco Milleri previously stated that EssilorLuxottica plans to ramp up smart glasses production and deepen partnerships with Meta and other brands.

The company’s ability to scale such efforts could prove crucial in maintaining its competitive edge, especially as global tech firms accelerate their push into wearable devices.

Still, the path forward is not without hurdles.

Morgan Stanley recently trimmed its price target for EssilorLuxottica from €290 to €280, citing reduced expectations for earnings and profit growth between 2025 and 2027.

The research firm, however, maintained its overweight rating, citing the company’s unmatched vertical integration and global market leadership as key long-term strengths.

Short-term boost, long-term opportunity

The smart glasses market is rapidly evolving, with Apple, Meta, and other tech giants placing increasing bets on AI-enabled wearables.

While broader adoption remains several years away, Meta’s investment signals confidence in the sector’s trajectory and in EssilorLuxottica’s position at its forefront.

Ahead of its upcoming results, EssilorLuxottica is forecast to report first-half adjusted net income of €1.84 billion and revenue of €14.07 billion—slightly below consensus estimates.

Investor attention will likely focus on future growth commentary, particularly surrounding the momentum of smart glasses and the potential implications of further strategic investments by Meta.

The post EssilorLuxottica share price jumps on Meta’s 3% stake appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Iran says it can strike the US and Israel for two years. Does it really have that power?
next post
Vedanta shares slide upto 8% after US-based short seller labels Group a ‘Ponzi Scheme’

Related Posts

Cyberattack halts Asahi production, disrupts Japan’s beer supply

October 3, 2025

Europe markets open: Stoxx 600 rises 0.4%, extending...

October 3, 2025

Bitcoin ETFs see over $600M in inflows as...

October 3, 2025

Stockholm leads Europe in IPO activity with $6.8...

October 3, 2025

Indonesia suspends TikTok licence after data refusal during...

October 3, 2025

Why the Thai baht’s climb against US dollar...

October 3, 2025

OpenAI valuation hits $500 billion as employees sell...

October 2, 2025

Here’s why JPMorgan, Morningstar are bullish on Alibaba...

October 2, 2025

Europe markets open: Stoxx 600 jumps 0.6%, led...

October 2, 2025

Will the Tesco share price hit 500p as...

October 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What I Saw in Milei’s Argentina

    October 3, 2025
  • Tariffs Rest on Distrust of Citizens

    October 3, 2025
  • Cyberattack halts Asahi production, disrupts Japan’s beer supply

    October 3, 2025
  • Europe markets open: Stoxx 600 rises 0.4%, extending its record-setting rally

    October 3, 2025
  • Bitcoin ETFs see over $600M in inflows as BTC price nears $120K

    October 3, 2025
  • Stockholm leads Europe in IPO activity with $6.8 billion raised

    October 3, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,770)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,885)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Here’s why the BT Group share price...

September 25, 2025

FTSE 100 and FTSE 250 shares to...

April 18, 2025

Asian markets open: Nikkei, Kospi rise; Sensex...

September 11, 2025