How much has Spotify stock fallen in 2026?

It has declined 16% year-to-date.

Did Bank of America change its price target for Spotify?

No explicit price target change was announced, but the top pick designation implies a positive view.

Spotify Down 16% in 2026; BofA Names SPOT a Top Pick for Q3

Bank of America named Spotify (SPOT) among its top picks for Q3 2026, after the stock fell 16% year-to-date. Analysts see improved visibility of sustained profit and growth from price increases and new features.

July 6, 2026

2 min read

Source: Stocktwits

Bank of America (BofA) has named Spotify (SPOT) among its top picks for the third quarter of 2026, according to a report from Stocktwits. The stock has declined 16% year-to-date.

Rating Change

BofA did not explicitly announce a rating change or new price target, but the inclusion in the "top picks" list signals a positive outlook.

Analyst Rationale

BofA analysts believe there is better visibility of continued profit and growth, driven by price increases and new features. These factors are expected to support near-term profitability.

Context

Spotify's stock has fallen 16% since the start of 2026, potentially offering a buying opportunity. No other recent analyst reports on the stock were mentioned.

What to Make of It

BofA's selection of Spotify as a top pick reflects confidence in the company's ability to convert growth into profits, particularly through its pricing strategy. However, the stock's performance will depend on execution and financial results.

Frequently Asked Questions

Due to better visibility of sustained profit growth from price increases and new features.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.