Jefferies Upgrades Meta Stock Target Amid Strong Early Adoption of Muse AI Agent
Jefferies analysts have raised their price target for Meta (META) shares to $875 from $710, citing strong early adoption and potential monetization opportunities from the company's new Muse AI agent. The firm described Muse as having 'all the signs of a killer app,' with unprecedented consumer uptake following its recent launch. The optimism around Muse has contributed to renewed interest in Meta stock, which is currently trading at $742—about 7% below last August’s record high but showing improved sentiment compared to earlier this year. Other major banks like JPMorgan and Citi have also upgraded their outlook for the company's shares due to AI-driven growth potential. Meta CEO Mark Zuckerberg will address investors during a keynote at Connect conference, where further updates on the company's AI strategy are expected.
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