Procore Technologies (NYSE:PCOR) Stock Gets Price Target Boost from BTIG Research

Procore Technologies (NYSE:PCOR) had its price target boosted by BTIG Research from $66.00 to $90.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s target price points to a potential upside of 19.02% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Griffin Securities initiated coverage on shares of Procore Technologies in a research note on Wednesday, October 28th. They set a “buy” rating and a $82.00 target price for the company. Barclays raised their price objective on Procore Technologies from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. DA Davidson set a $56.00 target price on Procore Technologies in a report on Monday, September 28th. Truist Financial set a $91.00 target price on Procore Technologies in a research report on Thursday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Procore Technologies in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.19.

Procore Technologies Trading Up 19.7%

NYSE PCOR opened at $75.62 on Thursday. Procore Technologies has a 12 month low of $38.03 and a 12 month high of $82.32. The stock has a market cap of $11.49 billion, a PE ratio of -328.75 and a beta of 0.75. The stock’s 50 day moving average is $56.99 and its 200 day moving average is $53.40.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $402.31 million during the quarter, compared to analyst estimates of $384.38 million. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, analysts forecast that Procore Technologies will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, Chairman Craig Courtemanche, Jr. sold 56,122 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $53.48, for a total transaction of $3,001,404.56. Following the sale, the chairman directly owned 908,316 shares of the company’s stock, valued at $48,576,739.68. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin Singer sold 3,943 shares of Procore Technologies stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.35, for a total value of $249,789.05. Following the completion of the transaction, the insider owned 86,931 shares of the company’s stock, valued at approximately $5,507,078.85. This trade represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 206,885 shares of company stock valued at $11,601,918 in the last quarter. 16.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PCOR. BlackRock Inc. bought a new stake in shares of Procore Technologies in the 2nd quarter worth about $300,345,000. Deutsche Bank AG bought a new position in Procore Technologies during the 2nd quarter valued at about $114,444,000. Assenagon Asset Management S.A. raised its position in Procore Technologies by 95.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,398,163 shares of the company’s stock worth $178,653,000 after purchasing an additional 2,146,182 shares during the period. Bamco Inc. NY bought a new stake in Procore Technologies in the second quarter worth about $62,116,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Procore Technologies by 158.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,020,531 shares of the company’s stock worth $115,170,000 after purchasing an additional 1,240,247 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

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, above 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 AI’s digital coworkers also became generally available. Procore Q3 2026 results
• Positive Sentiment: Loop Capital upgraded PCOR from Hold to Buy and set a $93 price target. Stifel raised its target to $85, while BTIG lifted its target to $90, reinforcing a generally more constructive analyst outlook. Loop Capital rating Stifel price target BTIG price target
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating, though the new target was below the $75.62 reference price in the report. JPMorgan rating
• Neutral Sentiment: A director sold 7,692 shares under a pre-arranged Rule 10b5-1 plan, reducing his position by 0.85%; he retained more than 900,000 shares. The planned nature and small size of the sale may limit its significance. Director stock sale

About Procore Technologies

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.