[JPMorgan: Meta Rating Upgraded to Overweight, Target Price $820] Deep Tide TechFlow reports, according to Tide Research, JPMorgan's research note dated September 10, 2026, stated that Meta's rating has been upgraded from 'Neutral' to 'Overweight,' with the target price raised from $640 to $820. Based on the closing price of $653.69 on September 9, the upside potential is approximately 25%. Muse AI's agent ranked 3rd on the U.S. App Store on its second day, with early usage volume 10 times that of the test queue. JPMorgan estimates capital expenditures of $243 billion in 2027, a year-on-year increase of 70%, and $284 billion in 2028. JPMorgan believes the cutting-edge model Muse Spark 1.3 is already competing with Claude and GPT, while Watermelon is set to launch soon, opening monetization paths beyond advertising through enterprise agents and model APIs. The target price is based on 23x 2028 GAAP EPS of $35.44. The report highlights risks including heavy AI investment with delayed monetization, slower-than-expected revenue growth, lack of resonance in AI products, intensified competition, and core advertising impacted by litigation.