Priority Technology Holdings (NASDAQ: PRTH) Going Private: What Investors Need to Know

Font: Financial Modeling Prep  • Sep 21, 2026

• Acquisition Deal: Priority Technology is being taken private by an investor group led by its Chairman and CEO for approximately $1.6 billion.
• Analyst Rating & Price Target: Lake Street set a price target of $8.05, matching the acquisition price, and downgraded the stock to 'Hold'.
• Fair Value Investigation: The acquisition deal is under investigation by Ademi LLP to ensure fair value for public shareholders.

Priority Technology (NASDAQ: PRTH), is a company that provides payment and banking technology solutions. The company has entered an agreement to be taken private by an investor group. This group is led by its own Chairman and CEO, Thomas Priore, in a deal with an approximate enterprise value of $1.6 billion.

Analyst firm Lake Street has set a price target of $8.05 for Priority Technology. This target matches the exact per-share price shareholders are set to receive in the all-cash acquisition deal. At the time of the report, the stock's price was $7.77, suggesting a small potential upside of 3.67% to reach the acquisition price.

Reflecting the fixed acquisition price, Lake Street also downgraded Priority Technology stock to a 'Hold' rating from its previous 'Buy' rating. A 'Hold' rating suggests that an analyst believes investors should keep their current position, as the stock's price is expected to have limited movement, which is common in acquisition scenarios.

The proposed transaction is under investigation by the law firm Ademi LLP. The firm is examining if the $8.05 per share price offers fair value to public shareholders. It is also looking into whether the company's board acted in the best interest of shareholders during the negotiation process, as highlighted by PR Newswire.

Following the news, Priority Technology stock is trading at $7.80, a daily increase of $1.97, or 33.79%. The stock's price is now trading very close to the acquisition price, with a 52-week high of $7.91. The company's current market capitalization, which is the total value of all its shares, stands at $642.37 million.