Meta Platforms may have found the product that could transform it from a social media giant into one of the dominant players in consumer artificial intelligence, with JPMorgan betting that its newly launched Muse agent could become the most widely used consumer AI application since ChatGPT.
JPMorgan analyst Doug Anmuth raised the bank's price target on Meta to $920 from $820 on Thursday while maintaining an overweight rating on the stock. The new target represents roughly 24% upside from Wednesday's closing price.
