J.P. Morgan maintains Meta's “gain” rating and a target price of $820, and believes that user growth and product iteration speed after Muse's launch will continue to strengthen market expectations for its AI business. Meta's stock price has risen 21% over the past two weeks since receiving an increase in the bank's rating on September 10. The S&P 500 index rose only about 1% during the same period. J.P. Morgan notes that Muse has now risen to the top of the free app download list on the US App Store, with a further increase in downloads compared to a week ago; at the same time, Meta recently accelerated the iteration of the Muse Spark model, continued to improve in terms of intelligence and multi-modal capabilities, and intensively released multiple updates within two weeks of product launch. The bank believes that Muse's viral communication capabilities and Meta's huge distribution platform have driven the current growth momentum and continue to support its positive judgment on the commercialization prospects of the company's AI products.

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