Mark Zuckerberg On A Mission To Outdo Apple Vision Pro? Meta CEO Reportedly Eyes South Korean Collaboration For 'Extended Reality' Headset
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2024
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Source: Benzinga
- Mark Zuckerberg to Discuss Partnership: Meta Platforms Inc. CEO Mark Zuckerberg is heading to South Korea to discuss a potential partnership with LG Electronics for an XR headset.
- Meeting Details: Zuckerberg will meet with LG CEO Cho Joo-wan in Seoul on Feb. 28 to discuss joint development and launch of the XR headset.
- XR Headset Development: The companies are expected to announce their partnership officially for the XR headset's joint development, aiming for a release in the first half of 2025.
- LG's Request to Meta: LG has requested Meta to use its smart device operating system for the XR headset, expecting significant sales boost if integrated.
- Market Competition and Growth: Google, Samsung, Apple, Meta, and Qualcomm are all competing in the XR device market, which is forecasted to grow to $35.7 billion by 2026.
Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 824.71 USD with a low forecast of 655.15 USD and a high forecast of 1117 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.
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 647.630
Low
655.15
Averages
824.71
High
1117
Current: 647.630
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author

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.








