Needham downgrades PROS Holdings after Thoma Bravo's $1.4 billion take-private deal
ReutersSep 23, 2025 10:51 AM
Brokerage Needham downgrades SaaS pricing software company PROS Holdings PRO.N to "hold" from "buy," following private equity firm Thoma Bravo's $1.4 billion take-private deal
Needham feels the deal valuation of PRO is modest as compared to recent take-private deals like those of Dayforce DAY.N and Verint VRNT.O that fetched higher valuations
"We view this outcome as disappointing as the sale comes with PRO shares near its decade low" - Needham
Four of seven analysts rate the stock buy or higher, and three "hold"; their median PT is $23.63 - data compiled by LSEG
As of last close, PRO up 4.82% YTD
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