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Meta Platforms shares rose 6.90% intraday after Wells Fargo raised its price target to $796 from $640 and kept an Overweight rating, citing early signs of a new product cycle following performance of Meta's Muse Spark 1.3 model. Wells Fargo kept revenue estimates unchanged.
Meta Platforms shares rose 2.4% to $681 premarket. Wells Fargo raised its price target to $796 from $640, citing early traction for the Muse AI assistant and product momentum, including record Muse US downloads of 264,000 on Sept. 19 and 448,000 daily active users on Sept. 18, per SensorTower. Wells Fargo expects new f
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.