Procore (PCOR) stock tumbles as analysts raise concerns, Q3 revenue guidance misses

Procore Technologies, Inc (PCOR) PT Lowered to $55 at Mizuho

Mizuho analyst Siti Panigrahi lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $55.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "PCOR shares are down ~20% since reporting FQ2 results yesterday given the GTM structure changes the company intends to put... More

Procore Technologies, Inc (PCOR) PT Lowered to $60 at Macquarie

Macquarie analyst Robert Trout lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $60.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "PCOR posted a solid ~3%+ Q2 rev. beat amidst US commercial construction backlogs which have steadily declined since... More

Procore Technologies, Inc (PCOR) PT Raised to $55 at Loop Capital

Loop Capital analyst Mark Schappel raised the price target on Procore Technologies, Inc (NYSE: PCOR) to $55.00 (from $48.00) while maintaining a Hold rating.... More

Procore Technologies, Inc (PCOR) PT Lowered to $75 at JPMorgan

JPMorgan analyst Alexi Gogolev lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $75.00 (from $90.00) while maintaining a Overweight rating.... More

Procore Technologies (PCOR) PT Lowered to $63 at Piper Sandler

Piper Sandler analyst Brent Bracelin lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $63.00 (from $74.00) while maintaining a Overweight rating.

The analyst commented, "Despite the $9M top-line and 6-point op. margin beat, uncertainty drove a ~20% sell-off in shares AMC... More

Procore Technologies, Inc (PCOR) PT Lowered to $70 at Canaccord Genuity

Canaccord Genuity analyst David Hynes Jr. lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $70.00 (from $80.00) while maintaining a Buy rating.... More

Procore Technologies, Inc (PCOR) PT Lowered to $73 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $73.00 (from $85.00) while maintaining a Buy rating.... More

DA Davidson Downgrades Procore Technologies, Inc (PCOR) to Neutral

DA Davidson analyst Gil Luria downgraded Procore Technologies, Inc (NYSE: PCOR) from Buy to Neutral with a price target of $60.00 (from $90.00).

The analyst comments "We are downgrading Procore to NEUTRAL from Buy in response to a 2Q24 release which signaled significant company-wide... More

Procore Technologies, Inc (PCOR) PT Lowered to $82 at JMP Securities

JMP Securities analyst Joe Goodwin lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $82.00 (from $93.00) while maintaining a Market Outperform rating.... More

Procore Technologies, Inc (PCOR) PT Lowered to $68 at KeyBanc

KeyBanc analyst Jason Celino lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $68.00 (from $79.00) while maintaining a Overweight rating.... More

Barclays Downgrades Procore Technologies, Inc (PCOR) to Equalweight

Barclays analyst Saket Kalia downgraded Procore Technologies, Inc (NYSE: PCOR) from Overweight to Equalweight with a price target of $54.00 (from $78.00).

The analyst comments: "We are downgrading PCOR to EW from OW for three reasons: (1) PCOR is moving to a general-manager based model while building a new channel... More