JPMorgan Says Meta's Muse AI Agent Could Dominate Consumer AI
JPMorgan analysts, led by Doug Anmuth, issued a bullish note on Meta Platforms, stating that its AI agent, Muse, has the potential to become the most widely used consumer AI application since ChatGPT. The bank maintains an overweight rating and raised its price target from $820 to $920, implying 24% upside. Muse, launched earlier in September, runs on the multimodal Muse Spark AI model and has already connected with over 2,000 applications, including integrations with Walmart, Best Buy, Sephora, and Wayfair. JPMorgan sees agent-to-agent interactions as a future monetization avenue, potentially through take-rate or commission models. The stock has surged 30% in September, on track for its best month since 2013. The report aligns with broader analyst consensus, with 57 out of 63 analysts rating the stock as buy or strong buy.
- •JPMorgan raised its price target on Meta to $920 from $820, implying 24% upside.
- •Meta's AI agent Muse has connected with over 2,000 applications within two weeks of launch.
- •Major integrations with Walmart, Best Buy, Sephora, and Wayfair were announced.
