Meta · Anthropic · OpenAI · Claude · Amazon · JPMorgan · CNBC Technology
Meta Platforms is a buy following the release of its long-awaited artificial intelligence model this week, according to JPMorgan
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It also reaffirmed its $825 price target on shares, suggesting 34.7% upside from Wednesday's close.
Key facts
- Former Scale AI CEO Alexandr Wang is leading the unit after Meta poured an eye-watering $14.3 billion into the startup last year to poach its leadership
- It also reaffirmed its $825 price target on shares, suggesting 34.7% upside from Wednesday's close
- Following the Muse Spark's release, Meta shares soared as much as 9.5% on Wednesday before ending the day with a 6.5% advance
- META YTD mountain META year to date Those gains mark a reversal for the technology stock, which has underperformed alongside most of its "Magnificent Seven" peers in 2026
Summary
Meta Platforms is a buy following the release of its long-awaited artificial intelligence model this week, according to JPMorgan. The product is the first of its kind to come out of Meta Superintelligence Labs, an AI-focused unit at Meta that was spun up last year. Former Scale AI CEO Alexandr Wang is leading the unit after Meta poured an eye-watering $14.3 billion into the startup last year to poach its leadership.