Meta Jumps 30% in September as Muse AI Agent Fuels Best Month Since 2013
Updated
Updated · Yahoo Finance · Sep 25
Meta Jumps 30% in September as Muse AI Agent Fuels Best Month Since 2013
3 articles · Updated · Yahoo Finance · Sep 25
Summary
Meta shares were still up more than 30% for September despite a 3% Friday dip, putting the stock on track for its strongest month since 2013.
Muse optimism drove much of the rally, lifting the stock 13% over the past week and prompting KeyBanc to raise its price target to $900.
KeyBanc said Meta's valuation has returned to historical levels at about 21x to 23x forward earnings after investors warmed to the AI story.
The rebound follows a volatile year marked by investor worries over heavier AI spending, weaker free cash flow and an August settlement with 47 states over social media addiction claims.
Meta's surge also marks a sharp turn from earlier setbacks, including two 8% drops in 2026 and the more than $73 billion cost of its metaverse push over five years.