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

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 Maintained at Stifel

Stifel analyst Adam Borg maintained the price target on Procore Technologies, Inc (NYSE: PCOR) while maintaining a Buy rating.... More

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

Procore (NYSE: PCOR) reported better-than-expected second-quarter earnings and revenue, but its shares tumbled 23.3% after the company's third-quarter guidance fell short of analyst expectations and analysts raised concerns regarding the company signaling significant company-wide operating model changes.

The construction management software provider posted adjusted earnings per share of $0.39, surpassing the analyst estimate of $0.25. Revenue for the quarter came in at $284 million, up 24% YoY and beating the consensus estimate of $275.26 million.

However, Procore's Q3 revenue guidance of $286-288 million fell below the analyst consensus of $291.7 million,... More

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

Scotiabank analyst Nick Altmann lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $70.00 (from $90.00) while maintaining a Sector Outperform rating.... 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

Procore (PCOR) Tops Q2 EPS by 14c ; Offers guidance

Procore (NYSE: PCOR) reported Q2 EPS of $0.39, $0.14 better than the analyst estimate of $0.25. Revenue for the quarter came in at $284 million versus the consensus estimate of $275.26 million.

GUIDANCE:

Procore sees Q3 2024 revenue of $286-288 million, versus the consensus of $291.7... More