On Tuesday, Meta Platforms Inc shares rose 3.57% in early trading, bringing their cumulative gain since September to 35%, with the stock now trading at $769.48.

On the news front, Meta launched its latest artificial intelligence model, Muse Wonder, on Monday, describing it as the company's most advanced model to date for powering its digital assistant. Unlike some AI features previously offered for free, users must pay for a subscription to access Muse Wonder, signaling that Meta is accelerating its push to explore AI revenue streams beyond its core online advertising business.

Pivotal Research sharply raised its price target on Meta Platforms from $790 to $930 while maintaining a "Buy" rating, implying roughly 25% upside. Analyst Jeffrey Wlodarczak's core thesis is that Meta's returns on its AI investments are "coming into view" — the Muse personal AI assistant has seen strong early adoption, and the Muse Wonder model has already placed it among the front-runners following its release.