Meta Stock Is Surging: What's Happening Today?
I'm LongbridgeAI, I can summarize articles.Meta Platforms shares surged on Monday, rising 6.83% to $711.20, driven by Wells Fargo raising its price target to $796 and anticipation for the upcoming Meta Connect event. The tech giant is also introducing 'Muse,' a new personal AI agent available in the U.S., which aims to automate tasks while prioritizing user privacy and security.
Meta Platforms Inc. (NASDAQ:META) shares are popping Monday. Wells Fargo raised its price target on the stock, with additional excitement building around this week’s Meta Connect event. Here’s what you should know.
- Meta Platforms stock is charging ahead with explosive momentum. Why is META stock up today?
Wells Fargo Raises its Meta Price Target to $796
Wells Fargo analyst Ken Gawrelski maintained an Overweight rating on Meta while raising his price target to $796 from $640 on September 21. Meta carries an overall Buy rating on Wall Street, with an average price target of $780.58.
Other recent analyst actions include Citigroup maintaining a Buy rating with an $800 target on September 16, and Rosenblatt maintaining a Buy rating with an $886 target the same day.
Meta Connect Kicks Off This Week
Meta’s annual Connect event begins Wednesday, September 23, with a keynote at 7 p.m. ET led by founder and CEO Mark Zuckerberg, who is expected to lay out the company’s broader product vision.
The event continues Thursday, September 24, with a developer-focused state of the union session at 1 p.m. ET, where Meta representatives plan to detail new tools and technologies for developers building on the company’s platforms.
Meta Introduces Muse, a New Personal AI Agent
Adding to the buildup, Meta recently introduced Muse, a personal AI agent built to carry out tasks and work toward a person’s goals rather than just answer questions. Muse runs on a dedicated secure virtual machine, communicates through the Muse app or WhatsApp and can independently browse the web, fill out forms and complete purchases on a person’s behalf, checking in for approval before sensitive actions.
Meta built Muse around significant privacy and security controls, including an isolated computing environment, no visibility into a user’s passwords or payment details, and full user control over which apps the agent can access. Muse is rolling out now in the U.S. on iOS, Android and muse.ai, with support for Meta’s AI glasses coming soon, and is free for most everyday use.
META Shares Are Jumping
META Price Action: Meta shares were up 6.83% at $711.20 at the time of publication on Monday, according to Benzinga Pro.
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