Meta Jumps 10% After Wells Fargo Lifts Target to $796 as Muse Tops App Store
Updated
Updated · Yahoo Finance · Sep 21
Meta Jumps 10% After Wells Fargo Lifts Target to $796 as Muse Tops App Store
2 articles · Updated · Yahoo Finance · Sep 21
Summary
Meta shares surged more than 10% intraday after Wells Fargo raised its price target to $796 from $640 and the company’s Muse AI agent app reached No. 1 on Apple’s App Store.
Wells Fargo said Meta’s recent AI launches — including Muse Spark and the Muse assistant — show the company now has a clearer commercial AI story after last year’s delays and spending concerns.
Mark Zuckerberg has since rebuilt Meta’s AI effort, bringing in Scale AI co-founder Alexandr Wang as chief AI officer and expanding the Muse model family.
Wednesday’s Meta Connect conference is the next catalyst, with Zuckerberg set to outline plans for AI and wearables as the stock tries to extend a 30% three-month rally.