Where Procore Technologies Stands With Analysts
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) has received 17 analyst ratings in the last quarter, with an average price target of $72.65, representing an implied upside from the current price of $67.38. The ratings include 3 bullish, 12 somewhat bullish, and 2 indifferent, with no bearish ratings. The current average price target reflects a 10.8% decrease from the previous target of $81.45. Analysts typically review stocks quarterly, considering financial statements, meetings, and insider insights to provide these ratings.
December 18, 2023 | 2:00 pm
News sentiment analysis
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POSITIVE IMPACT
Procore Technologies has a positive outlook from analysts with an average price target of $72.65, which is higher than the current price of $67.38. The consensus includes 3 bullish, 12 somewhat bullish, and 2 indifferent ratings, with no bearish outlooks.
The positive analyst ratings and the higher average price target compared to the current stock price suggest a bullish sentiment in the short term. The lack of bearish ratings reinforces this positive outlook. However, the decrease in the average price target from the previous quarter indicates some caution, which is why the importance is not set at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100