Cantor Fitzgerald Forecasts Strong Price Appreciation for Procore Technologies (NYSE:PCOR) Stock

Procore Technologies (NYSE:PCOR) had its price target hoisted by analysts at Cantor Fitzgerald from $70.00 to $90.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target points to a potential upside of 19.02% from the company’s previous close.

A number of other research firms have also recently issued reports on PCOR. BMO Capital Markets raised their target price on Procore Technologies from $56.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Griffin Securities started coverage on shares of Procore Technologies in a research report on Wednesday, October 28th. They set a “buy” rating and a $82.00 price target for the company. Jefferies Financial Group dropped their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Barclays lifted their price objective 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. Finally, TD Cowen boosted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.19.

Procore Technologies Trading Up 19.7%

Shares of Procore Technologies stock opened at $75.62 on Thursday. The business’s 50 day simple moving average is $56.99 and its 200-day simple moving average is $53.40. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of -328.75 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 released 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 positive return on equity of 2.59% and a negative net margin of 2.31%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Sell-side analysts predict that Procore Technologies will post 0.41 earnings per share for the current year.

Insider Activity at Procore Technologies

In other news, SVP William Fred Fleming, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $58.95, for a total value of $589,500.00. Following the completion of the transaction, the senior vice president owned 104,981 shares of the company’s stock, valued at approximately $6,188,629.95. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Craig Courtemanche, Jr. sold 56,122 shares of the firm’s stock in a transaction on 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 transaction, the chairman directly owned 908,316 shares in the company, valued at $48,576,739.68. This trade represents a 5.82% 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. Insiders have sold a total of 206,885 shares of company stock worth $11,601,918 in the last ninety days. 16.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Twin Tree Management LP acquired a new stake in Procore Technologies during the 2nd quarter valued at $40,000. Global Retirement Partners LLC purchased a new position in shares of Procore Technologies during the second quarter valued at $52,000. Canton Hathaway LLC purchased a new position in shares of Procore Technologies during the third quarter valued at $69,000. Versant Capital Management Inc raised its position in Procore Technologies by 50.3% during the second quarter. Versant Capital Management Inc now owns 1,581 shares of the company’s stock valued at $64,000 after buying an additional 529 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in Procore Technologies by 586.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,218 shares of the company’s stock worth $115,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Key Headlines Impacting Procore Technologies

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.