Bank of America sends wake-up call to Meta stock investors
5 Articles
5 Articles
Meta Stock: BofA Sees 32% Upside as Custom Chip Strategy Takes Shape
TLDR Meta stock rose 4% on September 3 after releasing Muse Spark 1.3, its updated AI coding model Bank of America kept its Buy rating and $810 price target, implying 32% upside from the September 3 close Muse Spark 1.3 uses 20% fewer tool calls and 25% fewer tokens than version 1.2 Meta’s custom...
Meta stock jumps 4% after Muse Spark 1.3: why BofA still sees 32% upside
Meta stock (NASDAQ: META) jumped sharply after the company released Muse Spark 1.3, giving investors evidence that its AI spending may eventually produce returns. The model is designed for coding and longer-running agentic tasks. Meta says it uses roughly 20% fewer tool calls and 25% fewer tokens than Muse Spark 1.2 in comparable engineering work. Bank of America analyst Justin Post remains bullish. He has a Buy rating and an $810 price target, …
Bank of America sends wake-up call to Meta stock investors
Meta stock closed at $613.62 on Sept. 3 and finished the day up about 4%. The broader market was up roughly 1%. Something was moving Meta specifically. Bank of America analyst Justin Post published a note, shared with TheStreet, laying out why he thinks the stock has more room to run. He kept his…
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