JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Procore Technologies (NYSE:PCOR) Stock

Procore Technologies (NYSE:PCOR) had its target price upped by investment analysts at JPMorgan Chase & Co. from $69.00 to $74.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 1.39% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Procore Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Guggenheim began coverage on shares of Procore Technologies in a research note on Thursday, July 23rd. They issued a “buy” rating and a $68.00 price objective on the stock. Griffin Securities began coverage on Procore Technologies in a report on Wednesday, October 28th. They issued a “buy” rating and a $82.00 price objective for the company. DA Davidson set a $56.00 price objective on Procore Technologies in a report on Monday, September 28th. Finally, Barclays raised their target price on Procore Technologies from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.22.

Procore Technologies Stock Performance

Shares of Procore Technologies stock traded up $11.87 on Wednesday, hitting $75.04. The stock had a trading volume of 5,827,529 shares, compared to its average volume of 2,849,597. The stock has a 50 day moving average of $56.69 and a 200 day moving average of $53.38. The firm has a market capitalization of $11.40 billion, a P/E ratio of -288.08 and a beta of 0.75. Procore Technologies has a twelve month low of $38.03 and a twelve month high of $82.32.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The business 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 company earned $0.42 EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. Equities analysts expect that Procore Technologies will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Procore Technologies

In other news, insider Benjamin C. Singer sold 3,943 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $63.35, for a total value of $249,789.05. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 the company’s 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 in the company, valued at approximately $3,677,373. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 199,193 shares of company stock worth $11,182,473. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

A number of hedge funds have recently bought and sold shares of PCOR. Strs Ohio boosted its position in Procore Technologies by 9.1% during the first quarter. Strs Ohio now owns 2,996 shares of the company’s stock valued at $171,000 after acquiring an additional 251 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Procore Technologies by 10.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,264 shares of the company’s stock worth $272,000 after acquiring an additional 492 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Procore Technologies by 50.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,581 shares of the company’s stock worth $64,000 after acquiring an additional 529 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Procore Technologies by 23.2% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,756 shares of the company’s stock valued at $214,000 after purchasing an additional 708 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Procore Technologies by 0.6% in the 1st quarter. Assetmark Inc. now owns 129,017 shares of the company’s stock valued at $7,354,000 after purchasing an additional 778 shares during the period. 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 adjusted earnings of $0.51 per share, above analyst estimates of approximately $0.45–$0.46, while revenue reached $402.3 million versus expectations near $384.4 million. Revenue grew 18.7% year over year. Procore Q3 2026 financial results
• Positive Sentiment: Management said revenue and margins came in above the high end of guidance. It also made Procore AI’s digital coworkers generally available, which may support product adoption and future growth. Procore Q3 2026 financial results
• Positive Sentiment: The company issued fourth-quarter guidance, giving investors an updated outlook; the available article summary does not provide the guidance figures. The strong results were accompanied by a positive market reaction. Procore Q3 adjusted earnings, revenue rise; Q4 guidance set
• Neutral Sentiment: Valuation commentary is mixed: one analysis describes the shares as close to fair value based on cash flow, while another estimates roughly 9% upside based on earnings and buyback considerations. Procore stock looks close to fair value on cash flow Procore could be 9% undervalued
• Negative Sentiment: Despite the adjusted earnings beat, Procore’s reported net margin remained negative, a reminder that sustained profitability is still a consideration for investors.

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.