Workday could be acquired by private equity firm Silver Lake, with analysts suggesting a takeover value of roughly $240 to $250 per share. BNP Paribas analyst Stefan Slowinski said Workday's 98% renewal rates, seat-based model, data moat, and potential for increased margins make it attractive for an acquirer, and the company is targeting the Rule of 35 metric by fiscal 2028, implying operating margins of around 23%. RBC Capital Markets analyst Rishi Jaluria said a deal could happen but is more likely a management-led buyout, given co-founder and CEO Aneel Bhusri and co-founder and CEO Emeritus David Duffield hold around 70% of the voting power. KeyBanc analyst Jason Celino said the deal makes sense, especially since Bhusri only returned as CEO earlier this year and was never thought to be a long-term solution.
Workday IncAnalysts suggest a potential acquisition at $240-$250 per share, implying a premium.
SAP SE
Bending Spoons S.p.A. Ordinary SharesSilver Lake is identified as the potential acquirer, which would be a strategic investment.
