TD Cowen Issues Positive Forecast for Procore Technologies (NYSE:PCOR) Stock Price

Procore Technologies (NYSE:PCOR) had its price objective lifted by TD Cowen from $80.00 to $85.00 in a report published on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on PCOR. DA Davidson upgraded Procore Technologies to a “hold” rating in a research note on Friday, November 7th. Barclays raised shares of Procore Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $82.00 to $90.00 in a report on Monday, January 5th. Canaccord Genuity Group lifted their price target on shares of Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 6th. William Blair reaffirmed an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a research note on Thursday, January 22nd. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $76.95.

Procore Technologies Stock Up 9.5%

Shares of Procore Technologies stock opened at $52.41 on Friday. The business has a 50-day moving average price of $67.18 and a 200 day moving average price of $69.82. Procore Technologies has a fifty-two week low of $46.08 and a fifty-two week high of $88.92. The firm has a market cap of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.89. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last released its earnings results on Thursday, February 12th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $349.11 million for the quarter, compared to the consensus estimate of $340.80 million. Procore Technologies had a negative return on equity of 4.00% and a negative net margin of 7.62%.Procore Technologies’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, sell-side analysts forecast that Procore Technologies will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of Procore Technologies stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $72.70, for a total transaction of $5,452,500.00. Following the sale, the chairman owned 1,155,480 shares of the company’s stock, valued at approximately $84,003,396. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Lawrence Joseph Stack sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total value of $753,000.00. Following the transaction, the executive owned 184,128 shares of the company’s stock, valued at approximately $13,864,838.40. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 616,392 shares of company stock valued at $44,460,801 in the last ninety days. Insiders own 21.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. increased its holdings in shares of Procore Technologies by 493.9% during the third quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock valued at $445,391,000 after purchasing an additional 5,079,534 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Procore Technologies by 76.6% in the third quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock worth $294,449,000 after purchasing an additional 1,750,998 shares during the period. Wasatch Advisors LP grew its position in Procore Technologies by 58.4% in the 2nd quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock valued at $318,592,000 after buying an additional 1,717,492 shares in the last quarter. Wellington Management Group LLP increased its stake in Procore Technologies by 77.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,401,891 shares of the company’s stock valued at $248,066,000 after buying an additional 1,486,153 shares during the period. Finally, Holocene Advisors LP increased its stake in Procore Technologies by 245.9% during the 3rd quarter. Holocene Advisors LP now owns 1,987,188 shares of the company’s stock valued at $144,906,000 after buying an additional 1,412,721 shares during the period. Institutional investors own 81.10% of the company’s stock.

Trending Headlines about Procore Technologies

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

• Positive Sentiment: Q4 earnings beat and revenue growth — Procore reported $0.37 EPS vs. $0.35 consensus and revenue of $349.1M, up 15.6% year-over-year, signaling improving fundamentals after prior-year weakness. Zacks: Q4 Beat
• Positive Sentiment: Company guidance — Procore gave FY 2026 revenue guidance around $1.5B and Q1 revenue guidance of $351–353M, roughly in line with or slightly above Street expectations, which supports the beat and reduces near-term execution risk. Press Release / Guidance
• Positive Sentiment: TD Cowen raised its target — TD Cowen increased its price target from $80 to $85 and keeps a Buy rating, providing a bullish analyst voice among many cuts. Benzinga: TD Cowen
• Neutral Sentiment: Canaccord lowered its target from $90 to $72 but maintained a Buy rating — still bullish on longer-term upside despite trimming the target. Benzinga: Canaccord
• Neutral Sentiment: Piper Sandler cut its target to $79 and stayed Overweight — another trim that keeps a constructive stance. Benzinga: Piper Sandler
• Neutral Sentiment: Barclays trimmed target to $65 but remains Overweight — reduces upside projection while keeping a positive rating. Benzinga: Barclays
• Neutral Sentiment: Stifel cut its target to $63 but keeps a Buy rating — another downward adjustment that signals more conservative expectations. Benzinga: Stifel
• Neutral Sentiment: BTIG reduced its target from $88 to $66 while maintaining a Buy — consistent theme of lower targets but retained conviction from several brokers. Benzinga: BTIG
• Neutral Sentiment: KeyBanc reduced its target to $80 — another mid-day cut (rating details not specified). MSN / KeyBanc
• Negative Sentiment: DA Davidson made the largest relative cut and shifted to Neutral — target lowered to $55 with a Neutral rating, a marked downgrade in analyst sentiment that likely pressured the stock despite the beat. Benzinga: DA Davidson

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.