BMO Capital Reiterates Outperform Rating on Procore Technologies, Inc (PCOR)

BMO Capital analyst Daniel Jester reiterated an Outperform rating and $82.00 price target on Procore Technologies, Inc (NYSE: PCOR).

The analyst commented: "The announcement of former Ansys CEO Ajei Gopal as the incoming CEO of Procore at first glance appears to be a favorable conclusion to a transition process that began back in March. While our direct experience is limited, Dr. Gopal's background and experience appear well-suited. We think clarity on leadership is constructive and look forward to hearing more about his focus areas for reinvigorating growth. With the announcement, Procore also reiterated 3Q and 2025 guidance."

For an analyst ratings summary and ratings history on Procore Technologies, Inc click here. For more ratings news on Procore Technologies, Inc click here.

Shares of Procore Technologies, Inc closed at $69.59 yesterday.

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