Procore Technologies (NYSE:PCOR) Stock Gets Price Target Increase from Piper Sandler

Procore Technologies (NYSE:PCOR) had its price target boosted by equities research analysts at Piper Sandler from $68.00 to $90.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler‘s price target points to a potential upside of 19.02% from the company’s current price.

A number of other equities research analysts have also issued reports on PCOR. UBS Group upped their target price on Procore Technologies from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Procore Technologies in a research note on Monday, October 26th. Guggenheim started coverage on shares of Procore Technologies in a research note on Thursday, July 23rd. They set a “buy” rating and a $68.00 target price for the company. BMO Capital Markets upped their target price on Procore Technologies from $56.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Mizuho set a $68.00 price objective on Procore Technologies in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.19.

Procore Technologies Price Performance

NYSE:PCOR opened at $75.62 on Thursday. The firm has a market capitalization of $11.49 billion, a P/E ratio of -328.75 and a beta of 0.75. Procore Technologies has a 1-year low of $38.03 and a 1-year high of $82.32. The company’s fifty day moving average price is $56.99 and its 200-day moving average price is $53.40.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $402.31 million for the quarter, compared to the consensus estimate of $384.38 million. During the same period last year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities analysts anticipate that Procore Technologies will post 0.41 EPS for the current fiscal year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 3,943 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $63.35, for a total value of $249,789.05. Following the sale, the insider owned 86,931 shares in the company, valued at approximately $5,507,078.85. The trade was a 4.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elisa Steele sold 1,500 shares of Procore Technologies stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $63.00, for a total transaction of $94,500.00. Following the completion of the sale, the director directly owned 58,371 shares of the company’s stock, valued at approximately $3,677,373. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 206,885 shares of company stock worth $11,601,918. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in shares of Procore Technologies during the 2nd quarter valued at approximately $114,444,000. Bank of America Corp DE bought a new stake in Procore Technologies in the second quarter worth $34,651,000. Hillsdale Investment Management Inc. bought a new position in shares of Procore Technologies in the first quarter worth approximately $3,181,000. Whetstone Capital Advisors LLC purchased a new position in Procore Technologies during the 2nd quarter valued at about $1,990,000. Finally, Citizens Financial Group Inc. RI bought a new position in Procore Technologies in the 2nd quarter worth $964,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies News Summary

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.