A Closer Look at 15 Analyst Recommendations For Procore Technologies
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) has been the subject of 15 analyst ratings over the past three months, with sentiments ranging from bullish to bearish. The average 12-month price target is $71.67, down 10.5% from the previous $80.08. Analysts have adjusted their ratings and price targets, with some raising and others lowering their expectations. Procore Technologies is a cloud-based construction management software company with a lower market capitalization compared to industry averages, impressive revenue growth of 32.98%, but below-average net margin, ROE, and ROA. The company has a conservative debt-to-equity ratio of 0.08.

January 12, 2024 | 1:00 pm
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Procore Technologies has received varied analyst ratings with a downward adjustment in the average price target to $71.67. The company has strong revenue growth but faces profitability challenges.
The mixed analyst ratings and the reduction in the average price target suggest uncertainty, which could lead to a neutral short-term impact on PCOR's stock price. The strong revenue growth is positive, but concerns about profitability may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100