This article first appeared on GuruFocus.
Meta Platforms (NASDAQ:META) is drawing fresh attention from Wall Street as its Muse AI assistant gains traction, while Mizuho sees room for the stock to move higher, according to a Tuesday analyst note.
Mizuho analyst Lloyd Walmsley kept a Buy rating and a $750 price target on Meta. He pointed to Muse’s rapid adoption and upcoming product developments as potential drivers for the company’s AI strategy.
Muse has climbed to the No. 1 spot in the U.S. app store, according to the report. Walmsley also highlighted Meta’s planned Connector Platform and additional AI updates expected at Meta Connect 2026. Integration with the company’s smart glasses could give Muse another distribution channel.
The analyst also sees Meta’s valuation as a factor. Meta trades at about 22 times estimated 2027 earnings, compared with roughly 30 times for Alphabet when investor enthusiasm around Gemini was elevated, based on Bloomberg data.
