BTIG Research Has Lowered Expectations for Procore Technologies (NYSE:PCOR) Stock Price

Procore Technologies (NYSE:PCOR) had its price objective lowered by investment analysts at BTIG Research from $88.00 to $66.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 25.92% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Barclays upgraded shares of Procore Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $82.00 to $90.00 in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised Procore Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group decreased their target price on Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Procore Technologies in a research note on Friday, October 17th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Price Performance

PCOR stock opened at $52.41 on Friday. The company has a market cap of $8.15 billion, a PE ratio of -78.23 and a beta of 0.89. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $67.18 and a two-hundred day moving average price of $69.77. Procore Technologies has a 12-month low of $46.08 and a 12-month high of $88.92.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $340.80 million. During the same period in the previous year, the company posted $0.01 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. As a group, research analysts predict that Procore Technologies will post -0.15 EPS for the current year.

Insider Buying and Selling at Procore Technologies

In related news, Director Connor Kevin J. O sold 7,692 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $64.31, for a total value of $494,672.52. Following the completion of the transaction, the director owned 1,035,212 shares of the company’s stock, valued at approximately $66,574,483.72. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Howard Fu sold 814 shares of Procore Technologies stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $72.99, for a total value of $59,413.86. Following the sale, the chief financial officer owned 178,237 shares in the company, valued at $13,009,518.63. This represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 616,392 shares of company stock valued at $44,460,801. Company insiders own 21.50% of the company’s stock.

Institutional Trading of Procore Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Procore Technologies during the 4th quarter worth $511,000. Goldman Sachs Group Inc. lifted its position in shares of Procore Technologies by 5.2% during the first quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company’s stock worth $48,392,000 after purchasing an additional 36,426 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Procore Technologies by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company’s stock valued at $23,156,000 after buying an additional 52,507 shares during the last quarter. US Bancorp DE raised its stake in Procore Technologies by 5.5% during the second quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after buying an additional 1,131 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Procore Technologies by 8.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,913 shares of the company’s stock worth $747,000 after buying an additional 814 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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

Procore Technologies Company Profile

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.