Procore Technologies (NYSE:PCOR) Price Target Lowered to $55.00 at DA Davidson

Procore Technologies (NYSE:PCOR) had its target price lowered by DA Davidson from $75.00 to $55.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Procore Technologies in a research note on Thursday, January 22nd. BTIG Research dropped their price target on Procore Technologies from $88.00 to $66.00 and set a “buy” rating for the company in a research note on Friday. TD Cowen lifted their price objective on shares of Procore Technologies from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lowered their target price on shares of Procore Technologies from $87.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, UBS Group cut their target price on shares of Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $76.95.

Procore Technologies Stock Up 9.5%

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

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Procore Technologies had a negative return on equity of 4.00% and a negative net margin of 7.62%.The business had revenue of $349.11 million during the quarter, compared to analyst estimates of $340.80 million. During the same quarter in the prior year, the business posted $0.01 EPS. Procore Technologies’s revenue for the quarter was up 15.6% compared to the same quarter last year. 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 related news, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were 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 $84,003,396. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Connor Kevin J. O sold 7,692 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $64.31, for a total transaction of $494,672.52. Following the transaction, the director owned 1,035,212 shares of the company’s stock, valued at $66,574,483.72. This trade represents a 0.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 616,392 shares of company stock valued at $44,460,801 in the last three months. Corporate insiders own 21.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCOR. Global Retirement Partners LLC increased its stake in Procore Technologies by 465.2% during the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Procore Technologies in the 3rd quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its holdings in shares of Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies during the 4th quarter valued at approximately $41,000. Finally, Allworth Financial LP raised its holdings in Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies News Roundup

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.