Needham downgrades PROS Holdings after Thoma Bravo's $1.4 billion take-private deal

PROS Holdings

23/09/2025 11:51

** 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

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))