Can Meta Stock Keep Climbing After a 30% Month? JPMorgan Raises Its Price Target
JPMorgan raised its worth goal for Meta Platforms’ inventory to $920 from $820 on Thursday, sustaining an chubby score. The financial institution thinks Meta’s new Muse agent may develop into essentially the most extensively used shopper AI app since ChatGPT.
The goal implies about 18% upside from Meta’s Thursday shut. It additionally lands in the future after Meta used its Connect convention to unveil a batch of Muse upgrades.
Meta’s Best Month in 13 Years Is Within Reach
Meta shares have climbed greater than 30% in September, placing them on tempo for his or her strongest month since July 2013.
The sharpest transfer got here on September 21, when shares jumped 11% to shut at $741.25. It marked Meta’s largest single-day achieve since April 2025.
On Thursday, Meta shares closed 4.5% increased at $777.59. Meanwhile, LSEG information exhibits 57 of the 63 analysts masking Meta price it a purchase or sturdy purchase.
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Why Wall Street Keeps Pinning Its Meta Targets on Muse
The new targets arrive following the release of Muse on September 8. It works as a private agent that sends emails, books journey, and makes purchases. It runs on Muse Spark, Meta’s multimodal mannequin.
JPMorgan analyst Doug Anmuth wrote that the agent is off to a sturdy begin and increasing rapidly. According to Anmuth, Meta is moving toward superintelligence.
The financial institution says Muse linked with greater than 2,000 functions in two weeks. It additionally has main integrations with Walmart, Best Buy, Sephora, and Wayfair.
“…we anticipate Muse engagements to be dealt with much less via shopping or calling, and extra via agent-to-agent interactions. Meta will then be capable of monetize on a take-rate or fee mannequin,” the note learn. “While it’s nonetheless early, we imagine that Muse has the potential to develop into essentially the most extensively used shopper AI software since ChatGPT.”
Wells Fargo made a related case earlier. Analyst Ken Gawrelski raised his goal to $796 from $640, citing early demand for Muse. The app had briefly topped Apple’s US App Store chart free of charge apps.
Later this 12 months, Meta plans to launch Muse Confidential VM, which encrypts consumer information with a key solely customers maintain. Meta additionally unveiled Muse Charm, a small machine that provides customers entry to Muse.
Reports say it’s going to ship across the holidays. Official figures will present whether or not JPMorgan’s ChatGPT comparability holds up.
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