EssilorLuxottica stock falls 2.03 percent after Meta glasses launch

EssilorLuxottica stock (ISIN not provided) was trading at EUR 146.90 on Euronext Paris on September 24, 2026 at 4:34 p.m. CEST, down 2.03 percent. The decline came as the company and Meta expanded their AI-glasses lineup with new Ray-Ban models, lower-priced products and additional markets, according to Investing.com on September 24, 2026.

AI glasses meet cautious expectations

The rollout includes a camera-free Ray-Ban Meta Audio range, Ray-Ban Meta Gen 3, new frame styles and lower-priced models. Citi said the broader functionality and international expansion could support smart-glasses adoption, but it kept a Buy rating while pointing to difficult comparisons in the second half of 2026, Investing.com reported.

The market reaction highlights the gap between product momentum and valuation expectations. New devices broaden the addressable market, while the 2.03 percent decline shows that investors are weighing launch news against the tougher comparison base described by Citi.

H1 growth remains measurable

EssilorLuxottica generated H1 2026 revenue growth of 9.7 percent at constant currency and 5.7 percent at current exchange rates. The difference of 4.0 percentage points shows how currency effects affected the reported growth rate, according to the Q2 2026 earnings-call transcript published by Yahoo Finance.

H1 2026 free cash flow reached EUR 1.067 billion, and adjusted operating profit increased 15 percent. Those figures give the product rollout a financial measure beyond brand visibility, although the company still faces the demanding second-half comparison base.

RBC lowers its price target

RBC kept an Outperform rating on September 22, 2026, but reduced its EssilorLuxottica price target from EUR 230 to EUR 190, according to MarketScreener. The EUR 40 reduction adds a valuation counterweight to the positive product narrative.

The company trades on Euronext Paris and is included in the CAC 40 and Euro Stoxx 50, according to an EssilorLuxottica release dated September 22, 2026, published on the company website.

Stock trades near its yearly low

EssilorLuxottica stock stood at EUR 146.90 on Euronext Paris on September 24, 2026 at 4:34 p.m. CEST, with a market capitalization of EUR 67.514 billion. Its 52-week range was EUR 138.30 to EUR 323.80, placing the price 6.22 percent above the yearly low.