US Top Rating Updates on 8/16: MA, V, ZM, PYPL and more

$Snowflake (SNOW.US)$ shares dipped on Tuesday as analysts turned cautious on the data warehousing company ahead of its fiscal third-quarter on August 24, including a downgrade from from investment firm UBS, citing recent field checks that point to weak usage.

$Zoom Video Communications (ZM.US)$ shares slipped on Tuesday as investment firm Citi downgraded the software company, citing "new hurdles to sustaining growth," including increased competition from $Microsoft (MSFT.US)$.

Daiwa analyst Kazuya Nishimura upgraded $PayPal (PYPL.US)$ to Outperform due to the company's cost-cutting plan, stock buyback, appointment of a new chief financial officer, and its decision to hold an Investor Day event. Meanwhile, the analyst cut card networks $Visa (V.US)$ and $MasterCard (MA.US)$ to Neutral, citing reduced earnings upside ahead as international travel restrictions have mostly been lifted.