Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Procore Technologies (PCOR – Research Report) today and set a price target of $90.00. The company’s shares closed yesterday at $68.24.
Borg covers the Technology sector, focusing on stocks such as Autodesk, Palo Alto Networks, and Check Point. According to TipRanks, Borg has an average return of 9.4% and a 59.43% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Procore Technologies with a $85.08 average price target, representing a 24.68% upside. In a report released today, Mizuho Securities also maintained a Buy rating on the stock with a $75.00 price target.
PCOR market cap is currently $9.98B and has a P/E ratio of -50.90.
Based on the recent corporate insider activity of 135 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 March 2024, William Fred Jr Fleming, the SVP, Corp. Contr of PCOR sold 5,000.00 shares for a total of $386,250.00.
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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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