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Wells Fargo lifted its Meta Platforms price target ahead of Meta Connect, citing recent model launches and early traction for the Muse assistant as giving the company “a story to tell,” according to TheFly.
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.
Zscaler said fourth-quarter annual recurring revenue rose 25% and non-GAAP operating margin reached 24.3%, while Security for AI bookings increased more than 50% sequentially.