Canaccord Raises Meta Price Target to $950 on Muse AI Growth

The Muse AI assistant surpassed 2.5 million downloads in its first two weeks of availability, expanding across smart glasses, Mac and dedicated hardware. Canaccord raised its price target for Meta to $950 following this rapid adoption, noting that the app's distribution across various devices enhances the company's growth profile. The analyst firm believes this broad reach strengthens the case for AI monetization through monthly subscriptions and transaction fees. Meta CEO Mark Zuckerberg has previously referred to these as a small fee collected from transactions to generate revenue from the AI ecosystem.