Canaccord Genuity Group Cuts Procore Technologies (NYSE:PCOR) Price Target to $72.00

Procore Technologies (NYSE:PCOR) had its price target lowered by Canaccord Genuity Group from $90.00 to $72.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on PCOR. Wall Street Zen raised Procore Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Piper Sandler decreased their target price on Procore Technologies from $91.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday. Robert W. Baird upped their price target on Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. KeyCorp reduced their price objective on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, UBS Group dropped their target price on shares of Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Price Performance

Shares of NYSE:PCOR opened at $52.41 on Friday. The company has a market capitalization of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.90. Procore Technologies has a 1-year low of $46.08 and a 1-year high of $88.92. The firm’s 50 day simple moving average is $67.18 and its two-hundred day simple moving average is $69.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. The firm had revenue of $349.11 million for the quarter, compared to the consensus estimate of $340.80 million. During the same period last year, the firm earned $0.01 EPS. The company’s revenue was up 15.6% on a year-over-year basis. Research analysts expect that Procore Technologies will post -0.15 EPS for the current fiscal year.

Insider Activity at Procore Technologies

In related news, CFO Howard Fu sold 814 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $72.99, for a total value of $59,413.86. Following the completion of the transaction, the chief financial officer owned 178,237 shares of the company’s stock, valued at approximately $13,009,518.63. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $72.70, for a total value of $5,452,500.00. Following the sale, the chairman directly owned 1,155,480 shares in the company, valued at $84,003,396. The trade was a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 616,392 shares of company stock valued at $44,460,801 over the last quarter. 21.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Procore Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC lifted its position in Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after buying an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Procore Technologies in the third quarter valued at $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after acquiring an additional 199 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies during the 4th quarter worth about $41,000. Finally, Allworth Financial LP boosted its stake in shares of Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

More Procore Technologies News

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q4 earnings beat and revenue growth — Procore reported $0.37 EPS vs. $0.35 consensus and revenue of $349.1M, up 15.6% year-over-year, signaling improving fundamentals after prior-year weakness. Zacks: Q4 Beat
• Positive Sentiment: Company guidance — Procore gave FY 2026 revenue guidance around $1.5B and Q1 revenue guidance of $351–353M, roughly in line with or slightly above Street expectations, which supports the beat and reduces near-term execution risk. Press Release / Guidance
• Positive Sentiment: TD Cowen raised its target — TD Cowen increased its price target from $80 to $85 and keeps a Buy rating, providing a bullish analyst voice among many cuts. Benzinga: TD Cowen
• Neutral Sentiment: Canaccord lowered its target from $90 to $72 but maintained a Buy rating — still bullish on longer-term upside despite trimming the target. Benzinga: Canaccord
• Neutral Sentiment: Piper Sandler cut its target to $79 and stayed Overweight — another trim that keeps a constructive stance. Benzinga: Piper Sandler
• Neutral Sentiment: Barclays trimmed target to $65 but remains Overweight — reduces upside projection while keeping a positive rating. Benzinga: Barclays
• Neutral Sentiment: Stifel cut its target to $63 but keeps a Buy rating — another downward adjustment that signals more conservative expectations. Benzinga: Stifel
• Neutral Sentiment: BTIG reduced its target from $88 to $66 while maintaining a Buy — consistent theme of lower targets but retained conviction from several brokers. Benzinga: BTIG
• Neutral Sentiment: KeyBanc reduced its target to $80 — another mid-day cut (rating details not specified). MSN / KeyBanc
• Negative Sentiment: DA Davidson made the largest relative cut and shifted to Neutral — target lowered to $55 with a Neutral rating, a marked downgrade in analyst sentiment that likely pressured the stock despite the beat. Benzinga: DA Davidson

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.