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Apple (NASDAQ:AAPL) Receives Buy Rating from JPMorgan Chase & Co.
JPMorgan said Muse’s early rollout and 2,000-plus app links could drive new revenue, and it kept an overweight rating on Meta.
- On Thursday, JPMorgan analyst Doug Anmuth raised Meta Platforms' price target to $920 from $820, implying roughly 24% upside from Wednesday's closing price.
- Launched earlier this month, Muse has connected with more than 2,000 applications and secured major integrations with Walmart, Best Buy, Sephora, and Wayfair.
- Meta shares surged roughly 30% in September, on pace for the stock's largest monthly advance since July 2013 when it rallied 48%. Anmuth believes Muse could become the most widely used consumer AI application since ChatGPT.
- "We view Connectors, and open APIs, as the first of many steps to bring businesses onto Muse," Anmuth wrote, noting Meta could eventually monetize interactions through a commission model similar to advertising.
- Despite intensifying competition from Google and OpenAI, Wall Street sentiment remains strong, with 57 of 63 analysts maintaining buy ratings on Meta, which is up nearly 13% year to date.
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Meta's Muse Is Emerging as an AI Powerhouse. JPMorgan Sees Massive Potential and Raises Its Stock Price Target.
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.
·New York, United States
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JPMorgan sends strong message to Meta stock investors
Every few months, a new app shoots to the top of the App Store and the internet declares a winner. A few weeks later, most of those apps are quietly sliding down the charts. Consumer technology has always worked this way. Hype can drive downloads, but it can’t build a daily habit. That’s why Wall…
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Total News Sources11
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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