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Bank of America Recommends Spotify, Visa, Walmart for Q3; Spotify Target $685, Up 41%

GateNews
Stocks
According to CNBC, Bank of America recommended Spotify, Visa, and Walmart as top stock picks for the third quarter on July 5, citing robust U.S. market momentum. The brokerage maintained a 'Buy' rating on Spotify with a target price of $685, implying 41% upside from the July 2 close, as the music streaming platform expands new services, pricing tiers, and AI-powered remix features. Visa received a 'Buy' rating with a $410 target, expected to benefit from the structural shift from cash to digital payments. Walmart was also highlighted as benefiting from rising high-income consumer traffic amid favorable consumer trends.
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