Procore Technologies: Remain Buy Rated On Growth Acceleration Beyond FY25
Portfolio Pulse from
Procore Technologies maintains a buy rating due to strong execution, a promising GTM transition, and Procore Pay as a significant growth catalyst. 4Q24 results showed a 16% y/y revenue growth to $302 million, with notable cRPO growth and a significant increase in customers with >$1 million ARR.
February 18, 2025 | 9:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Procore Technologies is rated as a buy due to strong growth indicators, including a 16% y/y revenue increase in 4Q24 and successful GTM transition. Procore Pay is a key growth catalyst.
Procore Technologies' strong revenue growth and successful GTM transition indicate positive future performance. The introduction of Procore Pay as a growth catalyst further supports the buy rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100