Meta gets price-target boost as JPMorgan says Muse agent has potential to become the top AI application since ChatGPT

JPMorgan Chase raised its price target for Meta Platforms following the company's Connect conference on Wednesday, where Meta demonstrated its Muse AI agent. The analyst upgrade came after Meta showcased the agent, which JPMorgan indicated could become a leading AI application. Meta's stock movements this week coincided with announcements related to the Muse agent.

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