TD Cowen Raises Procore Technologies (NYSE:PCOR) Price Target to $85.00

Procore Technologies (NYSE:PCOR) had its target price upped by analysts at TD Cowen from $80.00 to $85.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 60.17% from the stock’s previous close.

PCOR has been the topic of several other reports. KeyCorp lowered their price target on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. BTIG Research dropped their price objective on shares of Procore Technologies from $88.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler lifted their target price on shares of Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Procore Technologies in a research report on Thursday, January 22nd. Finally, UBS Group decreased their price objective on shares of Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.45.

Procore Technologies Stock Performance

Shares of NYSE:PCOR traded up $5.19 during trading on Friday, hitting $53.07. The stock had a trading volume of 3,171,259 shares, compared to its average volume of 2,545,732. The stock has a 50-day simple moving average of $67.68 and a two-hundred day simple moving average of $69.99. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of -63.25 and a beta of 0.89. Procore Technologies has a 12-month low of $46.08 and a 12-month high of $88.92. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $349.11 million during the quarter, compared to analyst estimates of $340.80 million. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. Procore Technologies’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $0.01 EPS. On average, equities research analysts expect that Procore Technologies will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $71.91, for a total value of $21,573,000.00. Following the completion of the sale, the chairman directly owned 677,796 shares of the company’s stock, valued at $48,740,310.36. This trade represents a 30.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benjamin C. Singer sold 4,204 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $69.21, for a total transaction of $290,958.84. Following the sale, the insider owned 75,676 shares of the company’s stock, valued at approximately $5,237,535.96. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 616,392 shares of company stock valued at $44,460,801 in the last 90 days. 21.50% of the stock is owned by insiders.

Institutional Trading of Procore Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC increased its stake in Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock valued at $28,000 after purchasing an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Procore Technologies in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Procore Technologies by 70.8% during the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies during the fourth quarter worth about $41,000. Finally, Allworth Financial LP raised its stake in shares of Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q4 beat — Procore reported $0.37 EPS vs. a $0.35 consensus and revenue of $349.1M (vs. ~$340.8M est.), with revenue up ~15.6% YoY, which drove the initial bullish reaction. Procore Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Q1 revenue guide slightly above street — Procore issued Q1 revenue guidance of $351.0M–$353.0M vs. consensus ~$349.0M, suggesting continued top-line momentum into the new year. MarketBeat Earnings Report
• Neutral Sentiment: BTIG trimmed its target from $88 to $66 but kept a Buy rating, which tempers the upside narrative while still signaling analyst conviction. BTIG Lowers Price Target
• Negative Sentiment: Analyst cuts — KeyBanc lowered its target to $80, adding downward pressure on sentiment as multiple target trims reduce implied upside. KeyBanc Cuts Target
• Negative Sentiment: Profitability remains a concern — despite the beat, Procore still shows a negative net margin (~-9.8%) and negative return on equity (~-6.2%), keeping longer-term EPS recovery uncertain. MarketBeat Earnings Report

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.