Barclays Cuts Procore Technologies (NYSE:PCOR) Price Target to $65.00

Procore Technologies (NYSE:PCOR) had its price target cut by Barclays from $90.00 to $65.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

PCOR has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a report on Thursday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Procore Technologies from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, February 9th. BMO Capital Markets dropped their price objective on shares of Procore Technologies from $87.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, KeyCorp lowered their price target on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.95.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $52.41 on Friday. The company’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 52 week low of $46.08 and a 52 week high of $88.92. The company has a market cap of $8.15 billion, a PE ratio of -78.23 and a beta of 0.90.

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

Insiders Place Their Bets

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

Institutional Trading of Procore Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PCOR. Kestra Advisory Services LLC raised its stake in Procore Technologies by 5.6% during the fourth quarter. Kestra Advisory Services LLC now owns 7,119 shares of the company’s stock valued at $518,000 after buying an additional 379 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Procore Technologies in the 4th quarter valued at approximately $3,541,000. The Manufacturers Life Insurance Company increased its holdings in shares of Procore Technologies by 4.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 32,183 shares of the company’s stock valued at $2,341,000 after acquiring an additional 1,306 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Procore Technologies by 44.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 478,886 shares of the company’s stock valued at $34,834,000 after acquiring an additional 147,406 shares in the last quarter. Finally, Bridgewater Associates LP lifted its stake in Procore Technologies by 146.1% during the fourth quarter. Bridgewater Associates LP now owns 109,400 shares of the company’s stock worth $7,958,000 after purchasing an additional 64,945 shares during the last quarter. 81.10% of the stock is 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

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.