Meta Platforms (FB) 02 (Jun 22 - Dec 26)

[winston]

not vested

<Research> CICC Raises Meta Platforms, Inc. (META.US) TP to USD776 as Muse Service Scenarios Further Expand

CICC issued a research report stating that Meta Platforms, Inc. (META.US) officially launched its personal AI Agent, Muse, in the US on September 8.

Early feedback on the product has been strong, and it has already entered Canada, with plans to expand to more countries subsequently.

The business model has been positioned as free-to-use with transaction commissions. This release introduced connectors for shopping, travel, lifestyle and office scenarios, which are expected to enable a closed-loop transaction ecosystem over the long term.

The broker maintained its Outperform rating and raised its TP by 11% to USD776. Meanwhile, it maintained its revenue and net profit forecasts for 2026 and 2027.

The report stated that the company indicated Reality Labs will clearly reduce investment in the metaverse and prioritize the development of AI glasses. It also unveiled updates to its AI glasses product lineup, including hearing enhancement features, Ray-Ban Meta Audio and Gen 3.

Meta VR Glasses are scheduled for launch in spring 2027, with an announced price of USD1,299. The broker believes Meta's distribution foundation, deep social-context capabilities and hardware ecosystem positioning are expected to provide ecological advantages for Muse in reaching users and understanding their needs.

Related News BofAS: Meta Platforms, Inc. (META.US) Muse Upgrade May Improve Market Sentiment on AI Vision

The broker maintained its revenue and net profit forecasts for 2026 and 2027. Considering improved certainty in its 2027 earnings forecasts, it switched to 2027 valuation metrics and assigned a 23x 2027 forecast P/E ratio.

The stock is currently trading at 24x/22x projected 2026/2027 P/E ratios.

Source: AASTOCKS Financial News

https://www.aastocks.com/en/stocks/news ... -news/AAFN