DA Davidson Has Lowered Expectations for Procore Technologies (NYSE:PCOR) Stock Price

Procore Technologies (NYSE:PCOR) had its target price decreased by equities researchers at DA Davidson from $75.00 to $55.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential upside of 4.94% from the company’s current price.

A number of other research analysts have also recently weighed in on PCOR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a research report on Thursday, January 22nd. Robert W. Baird lifted their price target on shares of Procore Technologies from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Barclays reduced their price objective on shares of Procore Technologies from $90.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday. Wall Street Zen upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, UBS Group dropped their target price on shares of Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Trading Up 9.5%

Shares of PCOR stock opened at $52.41 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.89. Procore Technologies has a 1 year low of $46.08 and a 1 year high of $88.92. The firm has a fifty day moving average price of $67.18 and a 200-day moving average price of $69.77.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, February 12th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Procore Technologies had a negative return on equity of 4.00% and a negative net margin of 7.62%.The company had revenue of $349.11 million for the quarter, compared to analysts’ expectations of $340.80 million. During the same period last year, the firm earned $0.01 EPS. Procore Technologies’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts predict that Procore Technologies will post -0.15 earnings per share for the current year.

Insider Activity

In other news, CRO Lawrence Joseph Stack sold 10,000 shares of Procore Technologies stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total value of $753,000.00. Following the sale, the executive directly owned 184,128 shares of the company’s stock, valued at approximately $13,864,838.40. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 9,615 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $75.13, for a total value of $722,374.95. Following the transaction, the director directly owned 1,052,519 shares of the company’s stock, valued at approximately $79,075,752.47. The trade was a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 616,392 shares of company stock valued at $44,460,801. 21.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Procore Technologies

Several large investors have recently bought and sold shares of PCOR. Global Retirement Partners LLC raised its stake in Procore Technologies by 465.2% during 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Procore Technologies during the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Procore Technologies in the fourth quarter worth about $41,000. Finally, Allworth Financial LP grew its position in Procore Technologies by 48.2% in the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Key Procore Technologies News

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

• Positive Sentiment: Q4 earnings beat and revenue growth — Procore reported $0.37 EPS vs. $0.35 consensus and revenue of $349.1M, up 15.6% year-over-year, signaling improving fundamentals after prior-year weakness. Zacks: Q4 Beat
• Positive Sentiment: Company guidance — Procore gave FY 2026 revenue guidance around $1.5B and Q1 revenue guidance of $351–353M, roughly in line with or slightly above Street expectations, which supports the beat and reduces near-term execution risk. Press Release / Guidance
• Positive Sentiment: TD Cowen raised its target — TD Cowen increased its price target from $80 to $85 and keeps a Buy rating, providing a bullish analyst voice among many cuts. Benzinga: TD Cowen
• Neutral Sentiment: Canaccord lowered its target from $90 to $72 but maintained a Buy rating — still bullish on longer-term upside despite trimming the target. Benzinga: Canaccord
• Neutral Sentiment: Piper Sandler cut its target to $79 and stayed Overweight — another trim that keeps a constructive stance. Benzinga: Piper Sandler
• Neutral Sentiment: Barclays trimmed target to $65 but remains Overweight — reduces upside projection while keeping a positive rating. Benzinga: Barclays
• Neutral Sentiment: Stifel cut its target to $63 but keeps a Buy rating — another downward adjustment that signals more conservative expectations. Benzinga: Stifel
• Neutral Sentiment: BTIG reduced its target from $88 to $66 while maintaining a Buy — consistent theme of lower targets but retained conviction from several brokers. Benzinga: BTIG
• Neutral Sentiment: KeyBanc reduced its target to $80 — another mid-day cut (rating details not specified). MSN / KeyBanc
• Negative Sentiment: DA Davidson made the largest relative cut and shifted to Neutral — target lowered to $55 with a Neutral rating, a marked downgrade in analyst sentiment that likely pressured the stock despite the beat. Benzinga: DA Davidson

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.