Airbnb Upgraded, Zscaler Downgraded: Top Wall Street Analyst Calls

Wall Street saw a series of analyst rating changes, including an upgrade for Airbnb (ABNB) and a downgrade for Zscaler (ZS), plus updates on Qualcomm (QCOM), PayPal (PYPL), Visa (V), Mastercard (MA), and UnitedHealth (UNH).

Rating Changes

• Airbnb (ABNB): Upgraded from Neutral to Buy, price target raised from $130 to $165.
• Zscaler (ZS): Downgraded from Buy to Neutral, price target lowered from $200 to $175.
• Qualcomm (QCOM): Price target raised from $170 to $200, Buy rating maintained.
• PayPal (PYPL): Price target raised from $75 to $90, Neutral rating maintained.
• Visa (V): Price target raised from $280 to $310, Buy rating maintained.
• Mastercard (MA): Price target raised from $450 to $500, Buy rating maintained.
• UnitedHealth (UNH): Price target raised from $550 to $600, Buy rating maintained.

Analyst Rationale

Analysts cited improving travel demand for the Airbnb upgrade, while Zscaler faces growth headwinds from slowing cybersecurity spending. For other stocks, the target increases reflect confidence in technology, financial services, and healthcare sectors.

Context

The changes come amid market volatility due to inflation and interest rate concerns. Airbnb reported strong quarterly results, while Zscaler has retreated from highs.

What to Make of It

The analyst calls suggest cautious optimism for select sectors, focusing on companies with strong fundamentals. Investors should watch upcoming quarterly reports to gauge actual performance.