Dayforce, Thoma Bravo Deal Has Some Analysts Vying For More
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Dayforce Inc agreed to a take-private deal with Thoma Bravo, offering $70 per share, valuing the company at $12.3 billion. Following the announcement, analysts from KeyBanc and Needham downgraded the stock ratings. KeyBanc's Jason Celino moved from Overweight to Sector Weight, while Needham's Scott Berg downgraded from Buy to Hold, citing concerns over Dayforce's public market valuation despite its strong technology. The deal awaits shareholder approval and is expected to close in Q1 2026. Dayforce shares fell 0.09% to $68.94 post-announcement.
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