Meta rises; Wells Fargo hikes PT on AI product momentum

** Shares of Facebook parent Meta Platforms META.O rise 2.4% to $681 premarket

** Wells Fargo raises PT to $796 from $640, representing a premium of about 20% to stock's last close

** Brokerage cites early traction for Meta's Muse AI assistant and product momentum ahead of Meta Connect conf.

** Muse US downloads hit record 264,000 on Sept. 19 and daily active users reached 448,000 on Sept. 18, Wells Fargo says, citing SensorTower

** Brokerage expects Meta Connect on Sept. 23 to feature new functionality for Muse assistant and Muse Spark models

** 57 of 64 brokerages rate the stock "buy" or higher and 7 "hold"; their median PT is $750, according to data compiled by LSEG

** Up to last close, stock up about 0.9% YTD