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]

Evercore ISI lowered its price target on Nike (NYSE: NKE) to $69 from $77, while maintaining an Outperform rating, citing softer earnings expectations. The firm reduced its fiscal 2027 EPS estimate to $2.00 from $2.30, but maintained a positive stance on the stock as sentiment remains near recent lows. Nike shares have declined 18% year-to-date, underperforming the broader discretionary sector, which is down 10%. Evercore attributed the weakness to concerns around slowing growth in China, limited innovation ...

Mizuho raised its price target on Quanta Services (NYSE: PWR) to $580 from $537, while maintaining a Neutral rating, ahead of the company’s March 31 analyst day. The firm said the higher price target reflects improved medium-term revenue growth expectations, supported by continued expansion in core end markets and increasing opportunities tied to data center infrastructure. Despite the stronger outlook, Mizuho maintained a Neutral stance, noting that the stock already reflects much of Quanta’s growth potent ...

Jefferies upgraded Primo Brands Corp. (NYSE: PRMB) to Buy from Hold and assigned a $25 price target, with shares rising more than 2% in pre-market trading Friday. The firm said Primo offers a compelling combination of value, growth potential, and earnings visibility. Entering 2026 on stronger footing, the company’s narrative appears to be shifting from stabilization toward optimization, with increased focus on retail growth opportunities. Jefferies highlighted multiple growth drivers supporting the business ...

Evercore ISI downgraded Upstream Bio (NASDAQ: UPB) to In Line from Outperform and lowered its price target to $15 from $40, with shares falling more than 6% in pre-market trading Friday. The firm said it remains optimistic about the long-term potential of verekitug but highlighted the absence of meaningful catalysts over the next 12 months as a key concern. Evercore also pointed to an ongoing financing overhang and uncertainty surrounding the competitiveness of the company’s COPD trial, noting that dosing c ...

Baird reiterated its Outperform rating and $120 price target on Netflix (NASDAQ: NFLX), following reports that the company raised subscription prices in the United States. The firm viewed the pricing move as a positive development, noting that the timing appeared earlier than many investors had anticipated. Beyond the immediate revenue impact, Baird said the decision likely reflects management’s confidence in the strength of the platform and validates recent commentary regarding the quality of the user expe ...

Telsey lowered its price target on Vital Farms (NASDAQ: VITL) to $26 from $35, while maintaining an Outperform rating, citing near-term headwinds in the egg industry. The firm said it reduced its first-quarter 2026 and full-year 2026 estimates to reflect macroeconomic uncertainty and evolving promotional dynamics within the egg market. These pressures were partly attributed to a shift from last year’s undersupply to a more normalized or even oversupplied environment in 2026. Telsey noted that commodity egg ...

Quick move-in homes available, with final opportunities to live in this luxury waterfront community SEMINOLE, Fla., March 27, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced two professionally designed model homes are now available for sale in Toll Brothers at Seminole Isle, a luxury townhome community in Seminole, Florida. The Aloma Coastal and Bayard Coastal model homes, thoughtfully designed to complement the breathtaking surroundings ...

Key Takeaways The broader U.S. equity markets witnessed intense volatility over the past few days, as mixed signals emanated from the power corridors of Washington. While President Trump extended the deadline to initiate a deadly attack on Iran's energy infrastructure to April 6, the Iranian government indicated that they had no intention of brokering any truce deal with the United States, even if its leaders are reportedly reviewing an American proposal to end the month-long war. Various media reports sugg ...

Key Takeaways Bitfarms Ltd. (BITF) is slated to release its fourth-quarter 2025 results on March 31. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $59.63 million, reflecting mid-single- digit growth of 6.17% year over year. The consensus mark for the bottom-line loss is currently pegged at 4 cents per share, narrowed by 1 cent over the past 30 days. This represents a sharp year-over-year deterioration from earnings of 3 cents per share. Bitfarms' earnings performance has been inconsi ...