Mizuho Affirms Outperform on Meta, $750 PT

Mizuho analyst Lloyd Walmsley reiterated an Outperform rating and $750 price target on Meta Platforms Inc.

(NASDAQ: META).

“Meta Connect 2026 more explicitly attached Muse AI as a killer app fused deeply into the hardware strategy, from AR glasses and extending into Muse Charm, a dedicated keychain-like device providing rapid access to Muse.

Meta continues to pivot away from full VR towards a more AI-centric VR, but does continue to pour money into AR.

Management expects Muse Charm to be out ahead of the holidays; this could further turbocharge rapid user and engagement growth of Muse.

Between the rapid move to the top of the iOS app store, significant app downloads, increasing promotion inside FoA surfaces (and including TV and OOH ads), new important publishers/apps building connectors into Muse, and now Meta Connect announcements, Meta’s AI product has significant momentum.

We see this continuing to drive multiple expansion in Meta shares (and pressuring others in the space).”

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