Recent launches of Meta’s Muse Wonder and Muse Wonder Full frontier large language models for agentic tasks have lifted trader sentiment by demonstrating competitive capabilities against OpenAI and Anthropic offerings, with strong early adoption metrics for the related Muse assistant. Analyst upgrades, including Citi’s raised target to $895, reflect optimism around AI-driven ad personalization and potential new revenue streams via WhatsApp and Messenger agents. Offsetting factors include elevated 2026 capital expenditure forecasts of $130–145 billion to support AI infrastructure, which have sparked volatility and questions about free-cash-flow pressure ahead of the October 21 earnings release. The tightly clustered probabilities around the $730–750 range capture this balance between demonstrated model progress and near-term spending scrutiny.