Procore Technologies shares are trading higher after Scotiabank upgraded the stock from Sector Perform to Sector Outperform and announced an $81 price target.
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies' stock has been upgraded from Sector Perform to Sector Outperform by Scotiabank, which also announced an $81 price target for the stock.
July 11, 2023 | 5:12 pm
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Scotiabank's upgrade and new price target for Procore Technologies could lead to a short-term increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Scotiabank's upgrade from Sector Perform to Sector Outperform and the announcement of an $81 price target could make the stock more attractive to investors, potentially leading to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100