Observed Signal · Jul 5, 2026 · Analyst Stock Picks · Source: CNBC Investing · Impact: 2/5 · Sentiment: Neutral
Bank of America Names Q3 Stock Picks Including Spotify
Bank of America published a list of third-quarter stock picks across sectors, highlighting Spotify as a streaming pick with roughly 40% upside. The note cites catalysts for Spotify including new products, pricing tiers and expansion into podcasts, audiobooks and fitness; analyst Jessica Reif Ehrlich rates Spotify a buy with a $685 target. Bank of America analysts also flagged Visa and Walmart as top ideas — Matthew O’Neill rates Visa a buy with a $410 target (about 13% upside) and Christopher Nardone rates Walmart a buy with a $144 target (about 29% upside). Other names on the firm's list include IBM, JPMorgan Chase and Snowflake. The piece was published July 5, 2026 by CNBC.
Bank of America analyst recommendations and price targets provide investor signals for companies (notably Spotify, Visa, Walmart) that can influence market and sector-level sentiment for streaming, payments and retail — but this is routine analyst research rather than industry-shifting policy or platform change.
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Key Takeaways & Evidence Grounding
- Bank of America published a third-quarter list of stock picks including names across retail, technology and payments.
- Jessica Reif Ehrlich (Bank of America) rates Spotify a buy with a $685 price target, implying about 41% upside from the referenced close.
- Matthew O'Neill (Bank of America) rates Visa a buy with a $410 price target, implying about 13% upside.
- Christopher Nardone (Bank of America) rates Walmart a buy with a $144 price target, implying nearly 29% upside.
- Other companies named on Bank of America's list include IBM, JPMorgan Chase and Snowflake.
Connected Companies & Entities
8 Entities mapped“Bank of America highlighted a few stocks that investors can scoop up to boost their returns as the third quarter kicks off, including a stre...”
“Spotify Shares of the music and podcast streaming platform could climb in the near term due to a combination of catalysts, including its new...”
“Visa offers investors a way to play the shift from cash to electronic payments, and its shares could climb in the third quarter, Bank of Ame...”
“The superstore stock has plenty of runway as Walmart ’s efforts to court more affluent consumers begin to pay off, according to Bank of Amer...”
“Other names on the list include IBM , JPMorgan Chase and Snowflake ....”
“Other names on the list include IBM , JPMorgan Chase and Snowflake ....”
“Other names on the list include IBM , JPMorgan Chase and Snowflake ....”
“Article published on CNBC; footer notes © 2026 Versant Media, LLC. A Versant Media Company....”
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Bank of America Names Stocks to Buy Before Earnings
Bank of America analysts say several stocks have upside ahead of upcoming quarterly reports and highlighted names investors should consider buying. The bank and CNBC Pro screened buy-rated companies including Spotify, Cisco, RB Global, Ralph Lauren and DoorDash. Bank of America analysts noted Spotify’s stable key performance indicators and accelerating revenue growth (citing moderating FX headwinds) and said the company’s AI product roadmap and pricing power are encouraging ahead of its August 4 earnings. RB Global (formerly Ritchie Brothers) and Ralph Lauren were also highlighted as attractive ahead of earnings on August 4, with analysts citing improving fundamentals and margin opportunities. The article reflects analyst recommendations and company-specific expectations rather than company financial releases themselves.
Morgan Stanley names stocks with earnings upside
Morgan Stanley analysts identified several stocks they believe have further upside ahead of upcoming earnings, highlighting Spotify, Datadog, Warner Music Group, S & P Global and Starbucks as buy ideas. The bank trimmed its S & P Global price target to $556 from $580 but remains bullish on the company’s diversification, margin execution and capital-return profile. Morgan Stanley raised its Warner Music Group price target to $38 from $37 and cited concentrated music IP ownership and potential revenue and earnings acceleration. Analysts cited product innovation and an investor day as catalysts for Spotify, which is slated to report on April 28 and is on track to exceed 300 million paid users according to Morgan Stanley. Datadog was noted for core business momentum and visibility to ~30% Q1 growth.
Bank of America Names Stocks With June Upside
Published May 23, 2026, Bank of America analysts identified several buy-rated stocks they believe have meaningful upside heading into June. The firm highlighted Visa, Zeta Global, Sprouts Farmers Market, United Rentals and Citigroup. Bank of America analyst Robert Ohmes raised Sprouts’ price target to $100 and cited strong sales, margins and loyalty-program momentum. Michael Feniger reinforced a bullish view on United Rentals after investor meetings that underscored management confidence entering construction season. Matt Bullock reinstated coverage of Zeta Global with a $24 price target, describing it as a hybrid between adtech and martech that pairs proprietary consumer data with direct ad execution. The piece also notes recent stock performance snapshots and Bank of America’s view that Citigroup could re-rate as investor confidence improves.
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