Procore Technologies (NYSE:PCOR) Stock Price Target Raised at JPMorgan Chase & Co.

Procore Technologies (NYSE:PCOR) had its price target hoisted by JPMorgan Chase & Co. from $69.00 to $74.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently commented on the stock. UBS Group increased their price objective on shares of Procore Technologies from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Guggenheim initiated coverage on shares of Procore Technologies in a research report on Thursday, July 23rd. They issued a “buy” rating and a $68.00 target price for the company. Weiss Ratings upgraded shares of Procore Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Procore Technologies in a research report on Monday, October 26th. Finally, TD Cowen lifted their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Procore Technologies Trading Up 19.7%

Procore Technologies stock opened at $75.62 on Wednesday. The stock has a market cap of $11.49 billion, a P/E ratio of -328.75 and a beta of 0.75. The stock has a 50 day moving average of $56.99 and a 200-day moving average of $53.40. Procore Technologies has a 52 week low of $38.03 and a 52 week high of $82.32.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 negative net margin of 2.31% and a positive return on equity of 2.59%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. As a group, equities analysts predict that Procore Technologies will post 0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Procore Technologies news, Director Connor Kevin J. O sold 7,692 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $54.53, for a total value of $419,444.76. Following the transaction, the director owned 900,594 shares of the company’s stock, valued at $49,109,390.82. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $53.48, for a total transaction of $3,001,404.56. Following the completion of the transaction, the chairman directly owned 908,316 shares in the company, valued at $48,576,739.68. This represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 206,885 shares of company stock worth $11,601,918. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Procore Technologies during the 2nd quarter worth $300,345,000. Assenagon Asset Management S.A. increased its position in Procore Technologies by 0.7% in the third quarter. Assenagon Asset Management S.A. now owns 4,430,657 shares of the company’s stock worth $229,154,000 after buying an additional 32,494 shares during the period. Wellington Management Group LLP increased its position in Procore Technologies by 8.2% in the second quarter. Wellington Management Group LLP now owns 3,450,671 shares of the company’s stock worth $140,166,000 after buying an additional 260,314 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Procore Technologies by 158.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,020,531 shares of the company’s stock valued at $115,170,000 after buying an additional 1,240,247 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in Procore Technologies in the second quarter valued at $114,444,000. 81.10% of the stock is owned by institutional investors.

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 analyst estimates of roughly $0.45–$0.46, while revenue of $402.3 million exceeded expectations of about $384 million and increased 18.7% year over year. Management said revenue and margins came in above the high end of guidance. Procore Q3 2026 results
• Positive Sentiment: The company said Procore AI’s “digital coworkers” became generally available, adding a product-development catalyst alongside the earnings beat. Procore Q3 2026 results
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating. The new target is below the share price cited in the report, tempering the upgrade’s near-term upside signal. JPMorgan price target update
• Neutral Sentiment: Commentary on valuation was mixed: one analysis described the stock as close to fair value based on cash flow, while another estimated potential undervaluation. These are model-based assessments rather than company announcements. Procore valuation analysis

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.