Meta extends gains after Muse Wonder models launch

By Reuters News

** Social media firm Meta's META.O shares rise 2.2% to $759.35

** Stock extends gains after 3.4% climb on Monday after co released Muse Wonder and Muse Wonder Full, calling them its most capable AI models yet

** Muse Wonder to power co’s personal AI agent, while the more powerful Wonder Full is available to Muse Code subscribers

** Truist Securities raises co’s PT to $1,000 from $763 and Pivotal Research lifts PT to $930 from $790

** Citigroup says the new model could help strengthen Muse's performance, efficiency and create new personal superintelligence experiences

** 56 of 63 brokerages rate the stock "buy" or higher, 6 "hold", and 1 "sell"; median PT $800 — data compiled by LSEG

** Including session's move, META up ~15% YTD

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