Procore Technologies (NYSE:PCOR) Price Target Raised to $85.00

Procore Technologies (NYSE:PCOR) had its price target boosted by TD Cowen from $80.00 to $85.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on PCOR. KeyCorp lowered their price objective on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. William Blair restated an “outperform” rating on shares of Procore Technologies in a report on Friday, October 17th. Wall Street Zen raised Procore Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson raised shares of Procore Technologies to a “hold” rating in a research report on Friday, November 7th. Finally, Canaccord Genuity Group boosted their price objective on shares of Procore Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Stock Up 9.5%

Procore Technologies stock 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. The firm’s fifty day simple moving average is $67.18 and its 200-day simple moving average is $69.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. Procore Technologies has a 1-year low of $46.08 and a 1-year high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $349.11 million during the quarter, compared to analysts’ expectations of $340.80 million. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. Procore Technologies’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. Sell-side analysts forecast that Procore Technologies will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $72.70, for a total value of $5,452,500.00. Following the completion of the sale, the chairman directly owned 1,155,480 shares of the company’s stock, valued at $84,003,396. This represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Howard Fu sold 814 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $72.99, for a total transaction of $59,413.86. Following the completion of the sale, the chief financial officer owned 178,237 shares in the company, valued at $13,009,518.63. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 616,392 shares of company stock valued at $44,460,801 in the last 90 days. 21.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in shares of Procore Technologies by 465.2% in the 3rd quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after acquiring an additional 321 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Procore Technologies during the third quarter valued at approximately $34,000. Jones Financial Companies Lllp raised its stake in shares of Procore Technologies by 70.8% in the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Procore Technologies in the fourth quarter worth $41,000. Finally, Allworth Financial LP boosted its stake in Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

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

About Procore Technologies

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.