Latest news with #valuation
Zawya
8 hours ago
- Business
- Zawya
Fintech Ramp secures $22.5bln valuation in late-stage funding round
Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
Yahoo
9 hours ago
- Business
- Yahoo
At US$280, Is It Time To Put monday.com Ltd. (NASDAQ:MNDY) On Your Watch List?
Let's talk about the popular Ltd. (NASDAQ:MNDY). The company's shares saw a significant share price rise of 22% in the past couple of months on the NASDAQGS. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on outlook and valuation to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. What's The Opportunity In The stock seems fairly valued at the moment according to our valuation model. It's trading around 17.50% above our intrinsic value, which means if you buy today, you'd be paying a relatively reasonable price for it. And if you believe the company's true value is $238.67, there's only an insignificant downside when the price falls to its real value. So, is there another chance to buy low in the future? Given that share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for What does the future of look like? Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. What This Means For You Are you a shareholder? MNDY's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping an eye on MNDY, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. It can be quite valuable to consider what analysts expect for from their most recent forecasts. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
9 hours ago
- Business
- Yahoo
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
(Reuters) -Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion.
Reuters
9 hours ago
- Business
- Reuters
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
July 30 (Reuters) - Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion.
Yahoo
11 hours ago
- Business
- Yahoo
Anthropic eyes $170bn valuation with new funding
Anthropic is reportedly close to finalising a funding round that could increase its valuation to $170bn. The AI startup is expected to raise up to $5bn in this latest investment effort, Bloomberg reported, quoting a person familiar with the matter. US-based investment group Iconiq Capital, which manages the wealth of prominent tech figures such as Meta's Mark Zuckerberg and LinkedIn co-founder Reid Hoffman, is set to lead the investment. In addition to Iconiq, Anthropic is in talks with the Qatar Investment Authority and Singapore's sovereign fund the Government of Singapore Investment Corporation to participate in this funding round. It is also holding discussions with the United Arab Emirates' state investment fund MGX and existing partner Amazon for potential investment. Recently, Anthropic CEO Dario Amodei informed staff of the company's decision to begin accepting investments from the Middle East. The deal is yet to be formally finalised, and details may evolve. Both Iconiq and Anthropic have declined to comment on the ongoing funding discussions. This new funding round would significantly increase Anthropic's valuation. A valuation of $170bn would place Anthropic among the most valuable private tech companies worldwide, behind OpenAI, valued at $300bn, and SpaceX at $400bn, according to a Financial Times report. Earlier this year, Anthropic was valued at $61.5bn in a $3.5bn funding round led by Lightspeed Venture Partners, which is also expected to participate in the current round. Founded in 2021 by former OpenAI employees, Anthropic focuses on developing AI solutions. The new funding may further bolster its competition with OpenAI and Elon Musk's xAI, both of which have secured substantial capital this year for AI model development. "Anthropic eyes $170bn valuation with new funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
