Assessing Procore Technologies: Insights From 13 Financial Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 13 financial analysts have provided diverse ratings on Procore Technologies (NYSE:PCOR), with a trend towards bullish sentiment. The average 12-month price target for PCOR has been raised to $84.85, indicating an 11.53% increase from the previous target. Analysts from firms like DA Davidson, JMP Securities, and Goldman Sachs have adjusted their price targets upwards, reflecting optimism about PCOR's market performance. Despite a positive revenue growth rate of 28.7% as of December 31, 2023, Procore Technologies faces challenges with below-average market capitalization, net margin, ROE, and ROA, but maintains a healthy debt-to-equity ratio.
March 14, 2024 | 5:01 pm
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POSITIVE IMPACT
Procore Technologies has seen a positive shift in analyst sentiment, with an increased average 12-month price target of $84.85. Despite facing profitability and efficiency challenges, the company's revenue growth and low debt-to-equity ratio may attract investor interest.
The upward revision of the price target by multiple analysts suggests a strong bullish sentiment towards PCOR. The positive revenue growth rate is a key factor, although concerns about profitability and asset utilization efficiency may temper some investor enthusiasm. The low debt-to-equity ratio is a positive sign, indicating a solid financial structure that could support future growth. Overall, the analyst consensus points towards a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100