Agentic Commerce Could Hurt Booking, Intuit While Helping Meta, Microsoft, Joseph Carlson Says
Joseph Carlson says AI agents could pressure Booking and Intuit while favoring Meta and Microsoft as customer relationships become the moat.
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Meta Platforms shares are trading higher after Cantor Fitzgerald maintained its Overweight rating on the stock and raised its price target from $680 to $860. Also, Keybanc maintained its Overweight rating and raises its price target from $780 to $900.
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Stock Market News for Sep 23, 2026
U.S. stock markets closed mixed on Tuesday with the Nasdaq reaching a record high, driven by gains in AI and tech stocks following positive reception to Meta's AI assistant. The S&P 500 ended flat while the Dow declined 0.4%. Oil prices fell for the fifth consecutive day after President Trump reported positive talks with Iran, though geopolitical tensions remain. Investors await the U.S.-China summit on Thursday.
Zacks Investment Ideas feature highlights: Meta
Meta Platforms rebounded nearly 30% in September after a rough summer marked by stock declines despite strong revenue growth. The turnaround was driven by the launch of Muse, a personal AI agent that reached #3 in the U.S. App Store, and evidence that Meta's frontier AI models are competitive with OpenAI and Anthropic. JPMorgan upgraded the stock to Overweight with a $820 price target, citing Meta's expansion beyond advertising into AI products and compute capacity rental. The company's core ad business continues growing at 27%, while massive capex spending ($130-145B in 2026) now appears justified by tangible AI revenue opportunities.