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Meta Platforms shares rose 11.4% Monday as early traction for its Muse AI assistant drew renewed optimism after Wells Fargo lifted its price target to $796 from $640, keeping its rating unchanged.
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
Wells Fargo Raises Meta Target Price To $796 From $640