Stifel Nicolaus Cuts Procore Technologies (NYSE:PCOR) Price Target to $63.00

Procore Technologies (NYSE:PCOR) had its price target cut by Stifel Nicolaus from $85.00 to $63.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on PCOR. Piper Sandler boosted their target price on Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Robert W. Baird boosted their price objective on Procore Technologies from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Barclays raised Procore Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $82.00 to $90.00 in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a report on Thursday, January 22nd. Finally, KeyCorp dropped their price target on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Trading Up 9.5%

PCOR stock opened at $52.41 on Friday. The company has a market capitalization of $8.15 billion, a PE ratio of -78.23 and a beta of 0.90. Procore Technologies has a one year low of $46.08 and a one year high of $88.92. The company’s 50 day moving average price is $67.18 and its two-hundred day moving average price is $69.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33.

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

Insider Buying and Selling at Procore Technologies

In related news, Director Connor Kevin J. O sold 9,615 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $75.13, for a total value of $722,374.95. Following the completion of the transaction, the director directly owned 1,052,519 shares of the company’s stock, valued at $79,075,752.47. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J.G. Griffith sold 207,474 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $72.30, for a total transaction of $15,000,370.20. Following the completion of the sale, the director owned 3,244,546 shares of the company’s stock, valued at $234,580,675.80. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 616,392 shares of company stock worth $44,460,801. 21.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Procore Technologies

Several hedge funds have recently made changes to their positions in PCOR. Alliancebernstein L.P. lifted its position in Procore Technologies by 493.9% during the third quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock valued at $445,391,000 after buying an additional 5,079,534 shares during the period. Assenagon Asset Management S.A. lifted its position in Procore Technologies by 76.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock valued at $294,449,000 after acquiring an additional 1,750,998 shares during the period. Wasatch Advisors LP boosted its stake in Procore Technologies by 58.4% during the second quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after acquiring an additional 1,717,492 shares in the last quarter. Wellington Management Group LLP boosted its stake in Procore Technologies by 77.6% during the third quarter. Wellington Management Group LLP now owns 3,401,891 shares of the company’s stock worth $248,066,000 after acquiring an additional 1,486,153 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in Procore Technologies by 245.9% in the third quarter. Holocene Advisors LP now owns 1,987,188 shares of the company’s stock worth $144,906,000 after purchasing an additional 1,412,721 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Trending Headlines about Procore Technologies

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.