META stock expected to reach 750 and possibly 775-790 near-term due to Muse adoption and momentum.

Let's focus on Meta Platforms' annual chart. September was a very special month, with the stock rising by approximately 24% during the month, and by approximately 8% since the beginning of the year.

As you can see, we have experienced some fluctuations, which is somewhat similar to an electrocardiogram.

But Mark Zuckerberg made a statement last week, contradicting some of the views put forward by other AI pioneers about the need for companies to regulate these matters themselves.

It was an interesting point to raise in the current debate.

Therefore, Meta is the focus of the "morning trading" program with this remarkable rise we are seeing to start trading this morning. I think that's what Wells Fargo is looking at this morning too, Sam.

They analyzed the market prior to the "MetaConnect" event. They raised the target price while maintaining the "overweight" recommendation, and they significantly raised the target price.

They indicate a potential rise of approximately 19% above the stock's trading price at the time of this note's release . The new target price is 796, up from 640. For comparison, we are currently trading at around 713, which is up more than 7%.

Wells Fargo says the launch of the new models and the early success of the "Muse" have given the company a strong boost . They pay more attention. They say this early success is a positive thing.

They expect the focus of "MetaConnect" to be on statistics for the use of the "Muse" assistant and those models. "MetaConnect" is a multi-day event that they host annually. They are showcasing their latest innovations in artificial intelligence, augmented reality, virtual reality, and of course, smart glasses.

The event will be held on the 23rd and 24th of this month, which is later this week. But the biggest focus will be on Muse.

Muse has generated a wave of positive comments about Meta, a potential new growth catalyst for the company. Muse was launched on September 8th. They described this smart personal assistant as being capable of performing specific tasks rather than just answering questions.

It can send emails on your behalf, book travel , and continue working even after you close the app. Therefore, it is an effective tool for artificial intelligence.

Muse Spark, Meta's most efficient model of automation, is operational and has been rolled out across the United States via iOS, Android, Muse AI, and WhatsApp. With AI glasses support planned, this could also be a focus at the Connect conference.

With WhatsApp, it's already integrated, so many users already interact with it because it's integrated.

But Mark Zuckerberg is very optimistic about Muse, saying that it understands users' goals and works continuously to accomplish tasks on their behalf. He adds that most of its functions will remain free, but they will offer subscription plans that allow for wider use.

They have also updated their core model, so this may be one of the focus areas at the Connect conference. However, this early momentum for the product has raised questions from analysts about the eventual financial viability of Muse .

Oppenheimer estimated last week that Meta would need about 115 million subscribers paying $20 a month on Muse to generate between $27.5 and $28 billion in annual revenue from AI agents .

This is the number the company is aiming for . He is somewhat skeptical about Muse's ability to reach this level, citing the challenges of paid conversion, competition, and consumer confidence concerns, but he remains very optimistic.

As you can see, about 80% of analysts recommend buying or something equivalent to a strong buy recommendation . The average target price is $755 and fractions. This is higher than the current trading price , and slightly lower than Wells Fargo's new target price.

It's really interesting, I spoke with Seema Shah from Sensor Tower last week. They tracked the downloads in the first week for all new AI applications. She said the Muse app has generated significant consumer interest, surpassing all previous Meta releases .

Therefore, the situation is very positive. The app topped the lists of most downloaded apps in both the App Store and Google Play in the United States. Muse's initial adoption rate exceeded Meta AI's adoption rate during the first week after its launch.

She added that the metrics may actually be lower than reality, because, as I mentioned, it is already integrated into WhatsApp. So , there may be more users than currently announced, but the start was very strong.

Therefore, I believe that both investors and analysts are eagerly awaiting any commentary on the extent of Muse app adoption and its potential impact on market growth . His response was also interesting, Zook, regarding having to postpone shipping for several months to focus on security and safety as part of his response to Amadeus and Ultimos's point of view last week.

Okay, let's give you an example of a deal on Meta stock. Hello Sam. Yes, it may be a little too late to enter because the stock has already broken through the resistance level.

I was monitoring the 750 buy options on October 2nd at 550 , with a stop loss at 75 %. I'm excited about the idea of hacking today. Some may consider buying options at 775, otherwise they should be patient with the decline.

This is a high-risk trade, because you are buying at the peak of near-term value and are out of profit for a very limited period of time, but the stock shows you exactly what you want to see when it reaches this breakout stage.

There is confidence in the momentum , and certainly there is confidence in the demand.

When we look at Meta's environment and how it's designed, some still view it from a social media perspective, but frankly, it's the most important initiative for their businesses and for those who use their platforms for commercial purposes.

Muse will help many small business owners who don't know what to do and how to make their social media accounts or small businesses run more smoothly and efficiently. This is where the beauty of the subscription model lies, as people will actually rely heavily on their platform.

As you know, what I've noticed, at least in the field of artificial intelligence, is that people don't stick to a single AI product. Rather, they are constantly looking for developments and improvements, and most importantly, how other models or areas of artificial intelligence can help their businesses cross the current threshold and increase their revenues.

So , for me, this is obvious, and very positive.

As for the impact of Muse on Meta, it is still unclear, but initial results and early demand have been very positive. This is a strong incentive for Meta at the moment.

I expect the stock price to reach 750, and I wouldn't be surprised at all if they started approaching that number at 775 to 790 in the near term , which is close to its highest level in the past two years.