Jefferies Downgrades Procore Technologies to Hold, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has downgraded Procore Technologies (NYSE:PCOR) from Buy to Hold and lowered the price target from $90 to $55.
November 02, 2023 | 9:20 am
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Procore Technologies has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $55.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Procore Technologies. The lowered price target from $90 to $55 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100