Chinese Competitors to Meta's AI Glasses Are Increasing. Here's How Goldman is Capitalizing on the Trend.
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
Updated: Oct 26 20250mins
Meta's Influence on Smart Glasses Market: Meta Platforms has demonstrated demand for smart glasses, prompting Alibaba to launch its own Quark AI Glasses in China, priced at $660, with presales starting just before the Singles Day shopping event.
Features and Competitors: Alibaba's glasses will include hands-free calling, music streaming, real-time language translation, and meeting transcription, joining a competitive landscape that includes offerings from Xiaomi, Meizu, HTC, and upcoming releases from RayNeo and ByteDance.
Supply Chain Benefits: Goldman Sachs analysts predict that continuous launches of AI and AR glasses will benefit the Greater China supply chain, with significant sales of Ray-Ban Meta's second-generation AI glasses already reported.
Key Component Suppliers: Notable suppliers like OmniVision, Lingyi, and AAC are highlighted for their roles in the smart glasses supply chain, with OmniVision providing advanced display technology and Lingyi reporting substantial revenue growth tied to AI and XR wearables.
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Analyst Views on GSBD
Wall Street analysts forecast GSBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSBD is 10.00 USD with a low forecast of 9.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 10.120
Low
9.00
Averages
10.00
High
11.00
Current: 10.120
Low
9.00
Averages
10.00
High
11.00
BofA
Neutral
downgrade
2025-11-21
Reason
BofA
Price Target
2025-11-21
downgrade
Neutral
Reason
BofA lowered the firm's price target on Goldman Sachs BDC to $9.75 from $10.75 and keeps a Neutral rating on the shares. The firm is adjusting estimates and price targets among its business development company coverage following quarterly earnings reports from the group.
Wells Fargo
Finian O'Shea
Underweight
downgrade
$10 -> $9
2025-11-10
Reason
Wells Fargo
Finian O'Shea
Price Target
$10 -> $9
2025-11-10
downgrade
Underweight
Reason
Wells Fargo analyst Finian O'Shea lowered the firm's price target on Goldman Sachs BDC to $9 from $10 and keeps an Underweight rating on the shares. The firm is also lowering its adjusted NOI estimates to $1.50, $1.17 and $1.21 for 2025 through 2027, respectively, down from $1.46, $1.20 and $1.25 previously. As with peers, SOFR and new deployment spreads are an incremental headwind on the go-forward, Wells adds.
BofA
Neutral
downgrade
$12
2025-05-19
Reason
BofA
Price Target
$12
2025-05-19
downgrade
Neutral
Reason
See All Ratings
About GSBD
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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