Meta Platforms earned a higher price target from JPMorgan on Thursday, following a product showcase at its Connect conference the previous evening that drew particular attention to the early momentum behind its Muse AI agent.

JPMorgan analyst Doug Anmuth raised his price target on Meta stock to $920 from $820, implying roughly 24% upside from Wednesday’s close, according to CNBC. The bank maintained an overweight rating on the stock. Shares were trading at $729.59 in the premarket Thursday, a decline of about 2%, though the stock had still surged roughly 30% over the preceding month.

“Meta continues to move towards superintelligence with Muse off to a strong start — quickly iterating, improving, and…