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Apple (NASDAQ:AAPL) Receives Buy Rating From JPMorgan Chase & Co.
The slide reflects investor concern that Muse could divert travel bookings to Meta’s AI agent, which drew 642,000 daily active users in 12 days.
- Meta Platforms stock soared 11% on Friday as its new Muse AI agent gained momentum, with Wells Fargo raising its price target to $796 ahead of the Connect conference.
- Functioning as a personal agent, Muse performs tasks like booking travel and sending emails, marking Meta's strategic shift to own its ecosystem rather than depend on other platforms.
- Muse recorded 2.8 million downloads in its first 12 days, attracting major partners including Walmart, Best Buy, and Expedia to enable direct purchasing through the agent.
- JPMorgan analysts raised their price target to $920 from $820, citing Muse's subscription potential with paid monthly plans of $20 and $100 alongside free access.
- CEO Mark Zuckerberg emphasized secure virtual machines to address privacy concerns as Meta prepares Q3 earnings on October 28, while facing competition from OpenAI and Apple.
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US Market: Meta shares rebound as Muse AI agent fuels revenue hopes
Meta shares have rebounded as investor optimism grows around Muse, its AI agent aimed at creating revenue beyond advertising. The company faces scrutiny over heavy AI spending, privacy concerns and competition, but Muses early downloads, retail partnerships and integration with smart glasses could help Meta monetize its vast user base.
·India
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BT+3 Reposted by 3 other sources
Meta stock's rise reflects investors' excitement about AI agents that can book trips and send emails.
·Borås, Sweden
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Meta Platforms is finally experiencing the stock market rebound that the bullists - who had gone through difficult times - were looking forward to.
Coverage Details
Total News Sources58
Leaning Left7Leaning Right11Center8Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 27%
C 31%
R 42%
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