Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]

Insider Activity: Holmes John McClain III, Chairman, President, and CEO, sold 23,950 shares but retains a significant stake, signaling ongoing leadership commitment. Strategic Developments: AIR Limited advances its Nasdaq listing through a merger and SEC filing, positioning itself for growth in the U.S. market. Robust Financial Performance: AAR Corp reported a 25% increase in total sales and a 31% rise in adjusted operating income for Q3 2026, with strong institutional investor confidence.On March 27, 2026 ...

Piper Sandler lowered its price target on JPMorgan (NYSE: JPM) to $325 from $345, while maintaining an Overweight rating, reflecting adjustments to its earnings forecasts. The firm reduced its 2026 EPS estimate to $21.65 from $22.58, including a first-quarter estimate cut to $5.67 from $6.01. Its 2027 EPS forecast was also slightly lowered to $23.04 from $23.17. The revised price target reflects both lower earnings expectations and a more conservative valuation multiple, with the stock now valued at approxi ...

GLJ Research initiated coverage of Modine Manufacturing (NYSE: MOD) with a Buy rating and a $290 price target, citing strong growth potential driven by data center infrastructure demand. The firm said the market is underestimating Modine’s capacity expansion in North American data center cooling systems, particularly chillers, which is expected to drive accelerating growth in both revenue and EBITDA. GLJ highlighted insights from private competitor checks and prior hyperscaler margin trends, suggesting upsi ...

BofA Securities lowered its price target on Burford Capital (NYSE: BUR) to $5.61 from $12.10, while maintaining a Buy rating, reflecting adjustments to its valuation framework. The firm said it based its valuation on a three-year rolling cash return on tangible equity (Cash RoTE), which it increased to 20%, applying a Gordon Growth Model. The reference year for valuation was shifted to fiscal 2028 estimates from fiscal 2027. BofA maintained a 2% long-term growth rate but raised its cost of equity assumption ...

Goldman Sachs initiated coverage of Qualcomm (NASDAQ: QCOM) with a Neutral rating and a $135 price target, reflecting a balanced risk-reward profile. The firm described Qualcomm as a leading fabless semiconductor designer, widely recognized for its Snapdragon processors used in smartphones. It noted that the company is actively pursuing diversification by leveraging its intellectual property to expand into adjacent markets such as automotive, personal computers, and data centers. However, Goldman Sachs said ...

Jefferies reiterated its Underperform rating and $13.25 price target on Hawaiian Electric (NYSE: HE), citing continued structural challenges despite progress on regulatory issues. The firm noted that the company has transitioned from facing existential wildfire-related risks to a phase of regulatory normalization, but said the next stage of recovery is more complex. Jefferies highlighted a proposed $170 million rebasing plan aimed at addressing an approximately 280 basis point return-on-equity gap beginning ...

TD Cowen reiterated its Buy rating and $100 price target on Planet Fitness (NYSE: PLNT), while adjusting its conviction level on the stock. The firm said it continues to view Planet Fitness as an attractive investment, noting that valuation appears to have bottomed at around 12x EBITDA and that the overall risk-reward profile remains favorable. However, the analyst lowered the stock’s standing within its conviction list, citing reduced confidence in the near-term catalyst path that had been anticipated in D ...

PetroChina Company Limited (OTC:PCCYF) Earnings and Financial Performance OverviewRevenue Declined Modestly as Oil Prices Softened: PetroChina reported 2025 revenue of RMB 2.86 trillion, down 2.5% year over year, as weaker realized oil prices offset gains in output and gas-related business. Reuters reported that PetroChina’s 2025 net profit fell 4.5% amid lower oil prices.Profitability Remained Strong Despite Pressure on Earnings: For 2025, PetroChina reported profit attributable to shareholders of RMB 157. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...