Procore Technologies (NYSE:PCOR) Price Target Cut to $63.00 by Analysts at Stifel Nicolaus

Procore Technologies (NYSE:PCOR) had its price target lowered by Stifel Nicolaus from $85.00 to $63.00 in a report published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

PCOR has been the topic of several other reports. 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. TD Cowen increased their target price on Procore Technologies from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised Procore Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $82.00 to $90.00 in a report on Monday, January 5th. William Blair reiterated an “outperform” rating on shares of Procore Technologies in a report on Friday, October 17th. Finally, Robert W. Baird raised their price objective on shares of Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.95.

Procore Technologies Trading Up 9.5%

NYSE:PCOR opened at $52.41 on Friday. The company’s 50 day moving average is $67.18 and its 200-day moving average is $69.82. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. Procore Technologies has a 12 month low of $46.08 and a 12 month high of $88.92. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.89.

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

Insider Buying and Selling at Procore Technologies

In related news, 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 value of $753,000.00. Following the completion of the transaction, the executive directly owned 184,128 shares in the company, valued at approximately $13,864,838.40. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Howard Fu sold 814 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $72.99, for a total value of $59,413.86. Following the completion of the transaction, the chief financial officer directly owned 178,237 shares of the company’s stock, valued at approximately $13,009,518.63. This trade represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 616,392 shares of company stock valued at $44,460,801 in the last quarter. 21.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Procore Technologies

Several institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock valued at $28,000 after acquiring an additional 321 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Procore Technologies during the third quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its stake 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 purchasing an additional 199 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Procore Technologies in the 4th quarter valued at approximately $41,000. Finally, Allworth Financial LP raised its holdings in shares of Procore Technologies by 48.2% in the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies News Roundup

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.