JPMorgan raises Meta target to $940 on Muse opportunity
JPMorgan raised its Meta price target to $940 from $920 after Q3 earnings, citing the long-term Muse opportunity. Zuckerberg described Muse as entering a new phase after product-market fit, with monetization planned through shopping transaction fees and power-user subscriptions; he expects Muse to eventually generate more revenue per user than Facebook or Instagram.