In a report released today, Saket Kalia from Barclays assigned a Buy rating to Procore Technologies (PCOR – Research Report), with a price target of $83.00. The company’s shares closed yesterday at $73.28.
Kalia covers the Technology sector, focusing on stocks such as Zscaler, Palo Alto Networks, and Varonis Systems. According to TipRanks, Kalia has an average return of 16.8% and a 63.06% success rate on recommended stocks.
Procore Technologies has an analyst consensus of Strong Buy, with a price target consensus of $79.70, which is an 8.76% upside from current levels. In a report released on February 9, KeyBanc also maintained a Buy rating on the stock with a $85.00 price target.
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The company has a one-year high of $76.86 and a one-year low of $48.11. Currently, Procore Technologies has an average volume of 1.15M.
Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCOR in relation to earlier this year. Most recently, in December 2023, William Fred Jr Fleming, the SVP, Corp. Contr of PCOR bought 6,000.00 shares for a total of $73,320.00.
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Procore Technologies (PCOR) Company Description:
Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. the company’s products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.
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