JMP Securities Maintains Market Outperform on Procore Technologies, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Joe Goodwin maintains a Market Outperform rating on Procore Technologies (NYSE:PCOR) but lowers the price target from $75 to $69.
November 02, 2023 | 7:21 pm
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NEUTRAL IMPACT
Procore Technologies' price target has been lowered from $75 to $69 by JMP Securities, though the Market Outperform rating is maintained.
The news is directly about Procore Technologies. While the lowering of the price target might be seen as a negative, the maintenance of the Market Outperform rating indicates that JMP Securities still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100