Goldman Sachs Maintains Buy on Procore Technologies, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs maintains a Buy rating on Procore Technologies but lowers the price target from $85 to $73.
August 02, 2024 | 4:46 pm
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NEUTRAL IMPACT
Goldman Sachs analyst Kash Rangan maintains a Buy rating on Procore Technologies but lowers the price target from $85 to $73.
The Buy rating suggests continued confidence in Procore Technologies' long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100