Critical Insights From Procore Technologies Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) has received diverse analyst ratings over the past three months, with a mix of bullish and neutral sentiments. The average 12-month price target has decreased by 14.63% to $70.69. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite a positive revenue growth rate of 24.42%, Procore faces challenges with profitability, ROE, and ROA, though it maintains a balanced debt approach.
September 24, 2024 | 1:00 pm
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NEUTRAL IMPACT
Procore Technologies has received mixed analyst ratings, with a decrease in the average price target to $70.69. Despite strong revenue growth, the company faces challenges in profitability and returns, which may impact investor sentiment.
The mixed analyst ratings and lowered price targets suggest uncertainty about Procore's short-term performance. While revenue growth is strong, challenges in profitability and returns may weigh on investor sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100