Meta Platforms' stock surged 7% after Wells Fargo raised its price target to $796 ahead of the company's Connect developer conference. The upgrade reflects optimism about Meta's new Muse AI assistant, which aims to perform tasks like booking travel and sending emails, potentially expanding Meta's monetization beyond traditional ads. However, the raised target is based on expected usage data that Meta has yet to disclose, making the upcoming event critical for validating this optimism. Meanwhile, Alphabet and Microsoft showed modest gains, indicating the rally is focused on Meta specifically.
Meta Platforms shares are trading at USD 709.27 on Pluang as of Sep 21, 2026 21:42 WIB, up 6.62% in the last day. Alphabet's stock is also up, priced at USD 356.14 with a 1.89% gain, while Microsoft is nearly flat at USD 493.07, down 0.14%. This shows Meta's rally is notably stronger compared to its tech peers on the platform at this time.
Meta Platforms faces a $10 billion legal charge from an $18 billion settlement affecting its near-term earnings, but its core business remains strong and cash flow covers obligations comfortably. The company is diversifying revenue through new launch...
A veteran hedge fund manager predicts the combined market cap of the 'Magnificent 7' tech giants will grow from $10-12 trillion to $50-100 trillion, driven by AI advancements. However, he warns that one or two of these companies may go extinct in the...
Meta Platforms is set for long-term growth driven by its AI tools, custom MTIA chips, and subscription services like Meta One. These innovations leverage its massive user base of over 3 billion to generate recurring revenue and improve cost efficienc...
Google and Meta have launched competing AI agents, with Google's CC targeting family productivity and Meta's Muse focusing on personal digital autonomy. For retirement investors, Google's stock is more attractive due to its lower valuation multiples,...
Oppenheimer analyst Jason Helfstein estimates Meta would require about 115 million paying Muse subscribers at $20/month to generate nearly $28 billion annually from AI services. Despite Meta's strong push into AI and increased user interactions, Helf...
