Procore Technologies shares are trading lower after the company reported Q2 financial results. Additionally, Loop Capital downgraded the stock from Buy to Hold and lowered its price target from $80 to $75.
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies reported Q2 financial results, which led to a decrease in its share price. Loop Capital also downgraded the stock from Buy to Hold and reduced its price target from $80 to $75.
August 04, 2023 | 1:48 pm
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Procore Technologies' stock was downgraded by Loop Capital from Buy to Hold, and its price target was lowered from $80 to $75, following the company's Q2 financial results.
The downgrade by Loop Capital and the lowering of the price target, combined with the Q2 financial results, are likely to negatively impact Procore Technologies' stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100