HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02
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]
EDR DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Endeavor Group Holdings, Inc. Investors to Secure Counsel Before Important March 18 Deadline in Securities Class Action - EDR
TMX Newsfile· 2026-03-14 20:51
SO WHAT: If you sold Endeavor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff ...
William Blair Remains a Buy on AppLovin (APP), Here’s Why
Yahoo Finance· 2026-03-14 20:36
Core Viewpoint - AppLovin Corporation (NASDAQ:APP) is considered a strong investment opportunity for long-term holding, with a positive outlook reiterated by William Blair following an investor meeting [1][2]. Group 1: Company Overview - AppLovin Corporation develops and operates a mobile marketing platform that includes services such as AppDiscovery, MAX, Adjust, and SparkLabs, aimed at enhancing marketing and monetization for mobile application developers [5]. Group 2: Management Insights - During the investor meeting, management addressed concerns about competitive threats from Meta, asserting that these concerns do not reflect the actual business environment [4]. - CEO Adam Foroughi expressed confidence in the company's current business trends and anticipated their continuation, while also highlighting share buybacks as an attractive option for cash deployment [4]. - Foroughi characterized AI as a long-term tailwind for the company rather than a threat, indicating a positive outlook on AI's role in the business [4]. Group 3: Market Sentiment - The firm maintains a bullish sentiment on AppLovin's stock, emphasizing the company's growth potential in non-gaming advertising and AI opportunities [2].
Malaysia’s Anti-Graft Agency Investigating Deal Between Arm Holdings (ARM) and the Malaysian Government
Yahoo Finance· 2026-03-14 20:36
Arm Holdings plc (NASDAQ:ARM) is one of the Best Young Stocks To Buy and Hold For 20 Year. On March 4, Reuters reported that Malaysia’s anti-graft agency is investigating corruption and fraud allegations regarding a deal worth 1.1 billion ringgit ($279 million) between Arm Holdings plc (NASDAQ:ARM) and the Malaysian government. The deal under investigation is worth around $250 million, which was to be paid to Arm Holdings over 10 years, in return for its chip design plans for local manufacturers. The dea ...
Sandisk Corporation (SNDK) Pursuing Long-Term Supply Agreements With Customers, Says CEO Goeckeler
Yahoo Finance· 2026-03-14 20:36
Sandisk Corporation (NASDAQ:SNDK) is one of the Best Young Stocks To Buy and Hold For 20 Year. On February 26, the CEO of Sandisk Corporation (NASDAQ:SNDK), David Goeckeler, said at Bernstein’s TMT Forum that the company is pursuing long-term supply agreements with data center customers. The strategic change comes about as the NAND flash market is going through some structural changes due to robust AI demand. The CEO noted that they look forward to establishing long-term multi-year contracts with custome ...
BofA Lowers PT on NU Holdings (NU), Keeps a Hold Rating
Yahoo Finance· 2026-03-14 20:36
Core Viewpoint - Nu Holdings Ltd. is recognized as a promising long-term investment, despite recent adjustments in price targets by analysts, reflecting broader market trends in high-growth financial companies [1][3]. Group 1: Analyst Ratings and Price Targets - Bank of America Securities lowered its price target for Nu Holdings from $18 to $17, maintaining a Hold rating, citing a reduction in the price-to-earnings multiple from 22 times to 21 times [1]. - Morgan Stanley reiterated a Buy rating on Nu Holdings with a price target of $21, highlighting the bank's AI-centric business model as a key factor for positive sentiment [4]. Group 2: Financial Performance and Projections - Nu Holdings' earnings before tax missed Bank of America's estimates by approximately 15%, but the firm maintains its net income estimates, expecting higher operating expenses to be offset by stronger revenue [3]. - Bank of America projects earnings growth of 45% in 2026 and 28% in 2027 for Nu Holdings [3]. Group 3: Company Overview - Nu Holdings operates as Nubank, one of the largest digital banking platforms globally, primarily serving Brazil, Mexico, and Colombia since its founding in 2013 [5]. - The company offers mobile-first financial products, including credit cards, digital accounts, loans, and investment services aimed at providing low-fee banking solutions to underserved consumers [5].
Medline Inc (MDLN) Plans to Expand Distribution Centers
Yahoo Finance· 2026-03-14 20:36
Medline Inc. (NASDAQ:MDLN) is one of the Best Young Stocks To Buy and Hold For 20 Year. On March 11, Medline Inc. (NASDAQ:MDLN) announced that it plans to expand its network of 45 distribution centers with the addition of a new 1.2 million sq. ft. distribution center in Midlothian, Texas. Management noted that this is the first new distribution center announced by the company in 2026 after the company completed its IPO in December 2025. The distribution center is expected to be fully functional by the se ...
Jefferies Maintains a Buy on Haleon plc (HLN)
Yahoo Finance· 2026-03-14 20:36
Haleon plc (NYSE:HLN) is one of the Best Young Stocks To Buy and Hold For 20 Year. On March 9, David Hayes from Jefferies maintained a Buy rating on Haleon plc (NYSE:HLN) with a p450.00 price target. The analyst maintained a bullish sentiment despite recent setbacks for the stock, citing that the drag from weaker cold and flu products in the fiscal fourth quarter of 2025 was unexpected. Regardless, the company maintained strong growth of more than 4% for the rest of its portfolio. The growth came despite ...
Oppenheimer Initiates CoreWeave (CRWV) With a Buy Rating
Yahoo Finance· 2026-03-14 20:36
CoreWeave, Inc. (NASDAQ:CRWV) is one of the Best Young Stocks To Buy and Hold For 20 Year. On March 6, CoreWeave, Inc. (NASDAQ:CRWV) was initiated with an Outperform rating and a $140 price target at Oppenheimer. The firm cited the company’s strength in GPU infrastructure and software for AI training, deployment, and operations as key factors behind the bullish sentiment. Moreover, the firm highlighted that the price target stems from a multi-stage discounted cash flow (DCF) model that extends past the c ...
GE HealthCare (GEHC) Receives FDA 510 (k) Clearance for View
Yahoo Finance· 2026-03-14 20:35
GE HealthCare Technologies Inc. (NASDAQ:GEHC) is one of the Best Young Stocks To Buy and Hold For 20 Year. On March 9, GE HealthCare Technologies Inc. (NASDAQ:GEHC) announced FDA 510(k) clearance for View, which is a viewer in the Genesis Radiology Workspace that acts as a fast, diagnostic, zero-footprint tool. Management noted that the solution unifies radiology workflows while boosting efficiency and precision for radiologists. The company highlighted that studies show radiologists lose up to 44% of th ...