Needham downgraded WalkMe (WKME) to Hold from Buy after the company agreed to be acquired by SAP (SAP) for $14.00 per share in cash.
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Read More on WKME:
- M&A News: WalkMe Skyrockets on Acquisition By SAP (NYSE:SAP) for $1.5B
- SAP SE Announces Merger with WalkMe Ltd.
- SAP Enters into Agreement to Acquire WalkMe, Driving Business Transformation by Enhancing the Customer Experience and Enriching SAP Business AI Offerings
- WalkMe price target lowered to $10 from $11.50 at BMO Capital
- WalkMe partners with Cognizant, UST