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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
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]
Hilton Grand Vacations (NYSE:HGV) Earnings Call Presentation
2026-03-31 20:00
HGV Investor Overview M A R C H 2 0 2 6 Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements convey management's expectations as to the future of HGV, and are based on management's beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time ...
Shake Shack Upgraded to Neutral by BofA on Improving Traffic Trends, Shares Rise 3%
Financial Modeling Prep· 2026-03-31 15:35
BofA Securities upgraded Shake Shack (NYSE: SHAK) to Neutral from Underperform and raised its price target to $101 from $88, with shares rising more than 3% in pre-market trading Tuesday. The firm said recent menu innovation—including offerings such as the Dubai Shake and Korean-inspired items—developed through the company’s structured stagegate process, which evaluates culinary, operational, and financial standards, has contributed to stabilizing same-store traffic following prior declines. Additionally, v ...
Colgate-Palmolive Downgraded by TD Cowen on Inflation Concerns
Financial Modeling Prep· 2026-03-31 15:34
TD Cowen downgraded Colgate-Palmolive Company (NYSE: CL) to Hold from Buy and lowered its price target to $85 from $96, with shares declining around 1% in pre-market trading Tuesday. The firm reduced its earnings estimates to reflect increased inflationary pressures expected between the third quarter of 2026 and the second quarter of 2027. These pressures are primarily driven by higher costs for oil-based inputs such as resins, as well as rising tallow prices, which have increased approximately 40% year ove ...
AppLovin Seen as Attractive Entry Point, Evercore Reiterates Outperform
Financial Modeling Prep· 2026-03-31 15:33
Evercore ISI reiterated its Outperform rating and $750 price target on AppLovin Corp (NASDAQ: APP), citing strong fundamentals despite recent share price weakness. The firm said the stock’s recent negative momentum appears disconnected from underlying business performance and feedback from industry checks. AppLovin is currently trading at approximately 14.6x estimated 2027 EV/EBITDA, near levels seen following prior short reports, which Evercore views as an attractive entry point ahead of first-quarter earn ...
Airbnb Remains Attractive Despite Travel Headwinds, Baird Says
Financial Modeling Prep· 2026-03-31 15:32
Baird reiterated its Outperform rating and $145 price target on Airbnb Inc. (NASDAQ: ABNB), noting that the stock remains appealing despite near-term volatility. The firm said shares may continue to experience fluctuations due to geopolitical developments in the Middle East and broader travel-related headwinds. However, third-party data indicated that demand trends remained largely in line with expectations through the first quarter. Baird also noted that demand appears to be holding up for the summer trave ...
DocuSign Reinitiated at Underperform by BofA on Growth Uncertainty
Financial Modeling Prep· 2026-03-31 15:24
BofA Securities reinstated coverage of DocuSign Inc. (NASDAQ: DOCU) with an Underperform rating and a $52 price target, citing uncertainty around its growth trajectory. The firm noted that while DocuSign has historically dominated the eSignature market, the segment is now approaching maturity and becoming increasingly commoditized. As a result, the company’s revenue growth has plateaued in the high single-digit range over the past ten quarters. Against this backdrop, DocuSign is shifting its focus toward be ...
Cisco Initiated at Buy by Truist on Networking and AI Tailwinds
Financial Modeling Prep· 2026-03-31 15:23
Truist Securities initiated coverage of Cisco Systems (NASDAQ: CSCO) with a Buy rating and a $94 price target, citing multiple growth drivers across its business. The firm’s positive outlook is based on three key factors. First, Cisco’s core networking segment is benefiting from a cyclical upturn driven by increased investment in AI infrastructure and a multi-year refresh of campus networking products. Truist expects mid-teens product growth in the current fiscal year, with momentum extending into fiscal 20 ...
NextPlat(NXPL) - 2025 Q4 - Earnings Call Transcript
2026-03-31 13:30
NextPlat (NasdaqCM:NXPL) Q4 2025 Earnings call March 31, 2026 08:30 AM ET Speaker3Certain statements made during this conference call constitute forward-looking statements. These statements include the capabilities and success of the company's business and any of its products, services or solutions. The words believe, forecast, project, intend, expect, plan, should, would, and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These for ...
Xtant Medical (XTNT) - 2025 Q4 - Earnings Call Transcript
2026-03-31 13:30
Xtant Medical (NYSEAM:XTNT) Q4 2025 Earnings call March 31, 2026 08:30 AM ET Speaker2Morning everyone, and welcome to the Xtant Medical fourth quarter and full year 2025 financial results. At this time, all participants are in a listen-only mode, and the floor will be open for questions and comments following the presentation. Please note that this conference is being recorded. I will now turn the conference over to your host, Kevin Gardner of LifeSci Advisors. Kevin, please go ahead.Speaker1Thank you, oper ...