DA Davidson Reiterates Neutral Rating on Procore Technologies, Inc (PCOR)

DA Davidson analyst Clark Wright reiterated a Neutral rating and $55.00 price target on Procore Technologies, Inc (NYSE: PCOR).

The analyst commented, "Shares of PCOR are down 12% following a below average revenue beat (~2% vs. 8 quarter avg. of ~3%) and a slightly lower than expected guide for 2Q, with management increasing the full year guide by ~$2M excluding the 1Q beat. We view the operating margin guide as a constructive update to the story given continued pressure in the construction market while noting Procore continues to see broad-based upmarket momentum with strong pipeline generation. Maintaining our NEUTRAL rating and PT of $55 (27x '26 FCF)."

For an analyst ratings summary and ratings history on Procore Technologies, Inc click here. For more ratings news on Procore Technologies, Inc click here.

Shares of Procore Technologies, Inc closed at $54.69 yesterday.

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