Meta extends gains after Muse Wonder models launch
META•META•META•META•Meta shares rose 2.2%, extending Monday’s 3.4% gain after the company launched its Muse Wonder AI models. Truist Securities raised its price target to $1,000 from $763, and Pivotal Research lifted its target to $930 from $790.
Meta shares rose 2.2% after gaining 3.4% on Monday, when the company released Muse Wonder and Muse Wonder Full, which it called its most capable AI models yet. Muse Wonder is set to power the company’s personal AI agent, while Muse Wonder Full is available to Muse Code subscribers.
Truist Securities raised its price target to $1,000 from $763, and Pivotal Research increased its target to $930 from $790. Citigroup said the new model could help strengthen Muse’s performance and efficiency and create new personal superintelligence experiences. LSEG data showed 56 of 63 brokerages rated the stock “buy” or higher, six rated it “hold” and one rated it “sell”; the median price target was $800.
