Meta Platforms' Muse Tracking Ahead of Recent AI App Launches, Deutsche Bank Says

MT Newswires Live00:23

Meta Platforms' (META) Muse is tracking far ahead of recent app launches within the AI space as the company has found a clear gap among current agentic offerings, Deutsche Bank said in a Friday research report.

The intersection of a mobile app-based ecosystem with a consumer-focused user interface, alongside the always-on feature within its own virtual machine, makes Muse a virtually unique service in today's market.

Muse represents the first time a consumer-friendly agentic AI option is available in the market, and its high level of downloads points to significant product-market fit, according to the note.

Deutsche Bank has a buy rating on the stock, with a $820 price target.

The company's shares were down 3.6% in Friday afternoon trading.

Price: 749.80, Change: -27.79, Percent Change: -3.57

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