Procore Technologies (NYSE:PCOR) Price Target Cut to $66.00 by Analysts at BTIG Research

Procore Technologies (NYSE:PCOR) had its price target cut by BTIG Research from $88.00 to $66.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. DA Davidson raised shares of Procore Technologies to a “hold” rating in a report on Friday, November 7th. Barclays raised shares of Procore Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $82.00 to $90.00 in a research note on Monday, January 5th. TD Cowen cut their price target on Procore Technologies from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. KeyCorp lowered their price target on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Canaccord Genuity Group boosted their price objective on Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Seventeen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Price Performance

Shares of PCOR opened at $52.41 on Friday. The business’s 50-day moving average is $67.18 and its two-hundred day moving average is $69.82. The company has a market capitalization of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.89. Procore Technologies has a fifty-two week low of $46.08 and a fifty-two week high of $88.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33.

Procore Technologies (NYSE:PCOR) last issued 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. The firm had revenue of $349.11 million for the quarter, compared to the consensus estimate of $340.80 million. Procore Technologies had a negative return on equity of 4.00% and a negative net margin of 7.62%.The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. Research analysts predict that Procore Technologies will post -0.15 earnings per share for the current year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 4,204 shares of Procore Technologies stock in a transaction on Friday, November 21st. The shares were 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 $5,237,535.96. The trade was a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Lawrence Joseph Stack sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total transaction of $753,000.00. Following the sale, the executive directly owned 184,128 shares of the company’s stock, valued at $13,864,838.40. The trade was a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 616,392 shares of company stock worth $44,460,801 in the last quarter. 21.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its holdings in shares of Procore Technologies by 5.5% in the second quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after purchasing an additional 1,131 shares during the period. Principal Financial Group Inc. boosted its holdings in Procore Technologies by 12.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,301,569 shares of the company’s stock valued at $240,753,000 after purchasing an additional 360,207 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Procore Technologies in the 3rd quarter valued at approximately $1,442,000. Envestnet Asset Management Inc. increased its holdings in shares of Procore Technologies by 31.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,735 shares of the company’s stock worth $30,607,000 after buying an additional 99,706 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Procore Technologies by 17.0% during the 2nd quarter. Federated Hermes Inc. now owns 304,219 shares of the company’s stock worth $20,815,000 after buying an additional 44,105 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Procore Technologies

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.