Piper Sandler Reiterates Overweight on Procore Technologies, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Procore Technologies (NYSE:PCOR) and maintained a price target of $70. The reaffirmation of the Overweight rating suggests a positive outlook on the stock by the analyst.
December 18, 2023 | 9:26 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Piper Sandler's reiteration of an Overweight rating and maintenance of a $70 price target for Procore Technologies indicates a continued positive sentiment towards the company's stock.
The reaffirmation of an Overweight rating by a reputable analyst like Piper Sandler typically instills confidence in investors and can lead to a positive short term impact on the stock price. The maintenance of the $70 price target suggests that the analyst's outlook on the company's valuation remains unchanged and optimistic.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100