Silver Lake-Workday Talks Spark Best Session Since 2016, Analysts See Sector Floor
WDAY sits 88% above its 52-week low of $110.36 on elevated volume (3.1× avg).
Summary
Workday shares had their best day since 2016 after Reuters reported Silver Lake is in talks to acquire the company. KeyBanc's Jason Celino says the deal could act as a price floor for other software takeout candidates, naming GitLab, Procore, PTC, and UiPath as potential targets. Shareholders would likely accept around 15x expected FY2028 earnings, versus 13.8x at Thursday's close. This follows yesterday's initial report and adds analyst framing that a private-equity bid could halt the sector's AI-driven selloff.
At the time of this announcement, WDAY was trading at $207.19 on NASDAQ in the Technology sector, with a market capitalization of approximately $51B. The 52-week trading range was $110.36 to $249.85. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.