BTIG Research Issues Positive Forecast for Procore Technologies (NYSE:PCOR) Stock Price

Key Points

• BTIG Research raised its Procore price target from $66 to $90 and reiterated a Buy rating, implying 19% upside from the prior close. Cantor Fitzgerald also raised its target to $90; analysts’ average rating is Moderate Buy, with a $76.19 average target.
• Procore’s latest quarter beat expectations: earnings were $0.51 per share versus roughly $0.46 expected, and revenue was $402.3 million versus $384.4 million. Revenue grew 18.7% year over year.
• Shares opened at $75.62 after a reported 19.7% rise. Company insiders sold about 206,885 shares worth $11.6 million over 90 days, while institutional investors own 81.1% of the stock.

Procore Technologies (NYSE:PCOR - Get Free Report) had its price target upped by BTIG Research from $66.00 to $90.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's price target suggests a potential upside of 19.02% from the stock's previous close.

Several other research firms have also issued reports on PCOR. Cantor Fitzgerald lifted their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday. Mizuho set a $68.00 price target on Procore Technologies in a research note on Wednesday. BMO Capital Markets lifted their price objective on Procore Technologies from $56.00 to $67.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Weiss Ratings raised Procore Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 23rd. Finally, Piper Sandler began coverage on Procore Technologies in a research note on Monday, September 28th. They issued an "overweight" rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Procore Technologies has an average rating of "Moderate Buy" and an average target price of $76.19.

Procore Technologies Stock Up 19.7%

PCOR opened at $75.62 on Thursday. The stock has a market cap of $11.49 billion, a PE ratio of -328.75 and a beta of 0.75. The business 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The company had revenue of $402.31 million during the quarter, compared to analyst estimates of $384.38 million. During the same period last year, the business earned $0.42 EPS. Procore Technologies's quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts anticipate that Procore Technologies will post 0.41 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Craig Courtemanche, Jr. sold 56,122 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $53.48, for a total value of $3,001,404.56. Following the transaction, the chairman directly owned 908,316 shares of the company's stock, valued at approximately $48,576,739.68. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elisa Steele sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $63.00, for a total value of $94,500.00. Following the sale, the director owned 58,371 shares in the company, valued at approximately $3,677,373. This represents a 2.51% decrease in their ownership of the stock. 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. Insiders sold 206,885 shares of company stock worth $11,601,918 over the last 90 days. 16.80% of the stock is currently owned by company insiders.

Institutional Trading of Procore Technologies

A number of institutional investors have recently made changes to their positions in PCOR. Deutsche Bank AG bought a new stake in shares of Procore Technologies in the second quarter worth $114,444,000. Bank of America Corp DE purchased a new position in Procore Technologies during the second quarter valued at $34,651,000. Hillsdale Investment Management Inc. purchased a new stake in Procore Technologies in the first quarter worth about $3,181,000. Whetstone Capital Advisors LLC bought a new position in shares of Procore Technologies in the second quarter worth about $1,990,000. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Procore Technologies during the 2nd quarter valued at approximately $964,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Key Stories 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 estimates of about $0.45–$0.46, and revenue of $402.3 million versus expectations near $384 million. Revenue grew 18.7% year over year, and management said revenue and margins exceeded the high end of its guidance. Procore AI’s digital coworkers also became generally available. Procore Q3 2026 results
• Positive Sentiment: Loop Capital upgraded PCOR from Hold to Buy and set a $93 price target. Stifel raised its target to $85, while BTIG lifted its target to $90, reinforcing a generally more constructive analyst outlook. Loop Capital rating Stifel price target BTIG price target
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating, though the new target was below the $75.62 reference price in the report. JPMorgan rating
• Neutral Sentiment: A director sold 7,692 shares under a pre-arranged Rule 10b5-1 plan, reducing his position by 0.85%; he retained more than 900,000 shares. The planned nature and small size of the sale may limit its significance. Director stock sale

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.

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