Procore Technologies (NYSE:PCOR) Price Target Raised to $85.00

Procore Technologies (NYSE:PCOR) had its target price upped by stock analysts at Guggenheim from $68.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim‘s target price would suggest a potential upside of 8.71% from the company’s current price.

A number of other equities research analysts have also recently commented on PCOR. Barclays increased their target price on shares of Procore Technologies from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Jefferies Financial Group decreased their price target on Procore Technologies from $95.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. TD Cowen raised their price target on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday. Mizuho set a $68.00 price objective on Procore Technologies in a report on Wednesday. Finally, Piper Sandler boosted their target price on shares of Procore Technologies from $68.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Nineteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.95.

Procore Technologies Stock Performance

PCOR stock traded up $2.59 during midday trading on Thursday, reaching $78.19. The company’s stock had a trading volume of 3,687,860 shares, compared to its average volume of 2,864,600. Procore Technologies has a 1 year low of $38.03 and a 1 year high of $82.32. The stock has a fifty day simple moving average of $56.99 and a two-hundred day simple moving average of $53.40. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of -340.90 and a beta of 0.75.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The business had revenue of $402.31 million for the quarter, compared to the consensus estimate of $384.38 million. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, analysts forecast that Procore Technologies will post 0.41 EPS for the current fiscal year.

Insider Activity

In other news, Director Elisa Steele sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $63.00, for a total transaction of $94,500.00. Following the completion of the transaction, the director directly owned 58,371 shares of the company’s stock, valued at approximately $3,677,373. This represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $53.48, for a total value of $3,001,404.56. Following the completion of the sale, the chairman directly owned 908,316 shares of the company’s stock, valued at approximately $48,576,739.68. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 206,885 shares of company stock worth $11,601,918 over the last three months. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PCOR. Twin Tree Management LP acquired a new position in Procore Technologies during the second quarter worth approximately $40,000. Global Retirement Partners LLC acquired a new stake in shares of Procore Technologies during the second quarter valued at about $52,000. Versant Capital Management Inc increased its holdings in Procore Technologies by 50.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,581 shares of the company’s stock worth $64,000 after purchasing an additional 529 shares during the last quarter. Canton Hathaway LLC bought a new stake in shares of Procore Technologies in the third quarter worth $69,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of Procore Technologies by 586.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,218 shares of the company’s stock valued at $115,000 after purchasing an additional 1,895 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Procore Technologies News

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Procore reported Q3 adjusted earnings of $0.51 per share, beating estimates of about $0.45–$0.46, and revenue of $402.3 million versus expectations near $384 million. Revenue grew 18.7% year over year, and management said revenue and margins exceeded the high end of its guidance. Procore Q3 2026 results
• Positive Sentiment: Analyst actions added momentum: Loop Capital upgraded PCOR from Hold to Buy with a $93 target. Piper Sandler and Cantor Fitzgerald raised their targets to $90 and maintained Overweight ratings; BTIG also raised its target to $90 and kept a Buy rating. Stifel lifted its target to $85. Loop Capital rating Piper Sandler rating BTIG rating
• Positive Sentiment: Procore said its AI “digital coworkers” became generally available, offering a potential product-growth catalyst alongside the strong results. Procore Q3 2026 results
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 but retained an Overweight rating; that target is below the $75.62 share price cited in the reports, making its revision less bullish than the other recent targets. JPMorgan price target update
• Negative Sentiment: A director sold 7,692 shares for about $419,000. The sale reduced his holdings by 0.85% and was made under a pre-arranged Rule 10b5-1 trading plan, which may lessen its significance as a bearish signal. Director stock sale

Procore Technologies Company Profile

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.