Procore Technologies Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) has been analyzed by 6 analysts, showing a shift towards a more bullish perspective with an updated average 12-month price target of $74.83, up from $70.00. Analysts from firms including DA Davidson, Keybanc, and Piper Sandler have raised their price targets, reflecting optimism about the company's market position and financial performance. Procore, a cloud-based construction management software company, has shown a notable revenue growth rate of 32.98% as of September 30, 2023, but struggles with a below-average net margin and ROE.
February 05, 2024 | 5:01 pm
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POSITIVE IMPACT
Analysts have become more bullish on Procore Technologies, raising the average 12-month price target to $74.83, indicating a positive outlook on the company's future performance.
The increase in the average price target by analysts from reputable firms such as DA Davidson, Keybanc, and Piper Sandler suggests a strong bullish sentiment towards Procore Technologies. This optimism is further supported by the company's significant revenue growth rate of 32.98% as of the last quarter, despite challenges in profitability and efficiency metrics such as net margin and ROE. The positive adjustments in price targets and ratings reflect expectations of continued growth and improvement in market position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100