1444 ET - EssilorLuxottica looks set to benefit as smart glasses compete to overtake smartphones, HSBC analysts say in a note. Smart glasses offer more benefits than classic eyewear, and could take over the functionalities currently supported by smartphones with improvements to their weight and quality of display, the analysts say. EssilorLuxottica currently benefits from its partnership with tech giant Meta, with the two companies holding a 70% market share of the smartglasses market, they say. While that share is estimated to fall to 24% by 2030 as other tech companies introduce new glasses, EssilorLuxottica remains well-positioned, they say, raising their price target on the stock to 300 euros from 230 euros. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
September 16, 2025 14:44 ET (18:44 GMT)
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