Procore Technologies (NYSE:PCOR) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Key Points

• JPMorgan raised its Procore price target to $74 from $69 and maintained an “overweight” rating; the target implied 1.39% downside from the previous close.
• Procore beat quarterly estimates, reporting EPS of $0.51 versus consensus of $0.46 and revenue of $402.3 million versus $384.4 million expected. Revenue increased 18.7% year over year.
• Shares jumped $11.87 to $75.04 in Wednesday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $71.22.

Procore Technologies (NYSE:PCOR - Get Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $69.00 to $74.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 1.39% from the stock's previous close.

Several other analysts also recently commented on PCOR. Citigroup reaffirmed a "market outperform" rating on shares of Procore Technologies in a report on Monday, October 26th. BTIG Research reissued a "buy" rating and issued a $66.00 price target on shares of Procore Technologies in a report on Friday, July 24th. Barclays raised their price objective on shares of Procore Technologies from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Monday, October 12th. Jefferies Financial Group reduced their price objective on Procore Technologies from $95.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Finally, Zacks Research cut Procore Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.22.

Procore Technologies Price Performance

Procore Technologies stock traded up $11.87 during mid-day trading on Wednesday, hitting $75.04. 5,827,529 shares of the company's stock traded hands, compared to its average volume of 2,849,597. The firm has a 50 day simple moving average of $56.69 and a two-hundred day simple moving average of $53.38. Procore Technologies has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of -288.08 and a beta of 0.75.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $402.31 million for the quarter, compared to the consensus estimate of $384.38 million. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The company's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, research analysts anticipate that Procore Technologies will post 0.41 earnings per share for the current fiscal year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, Director Kevin O'Connor sold 7,692 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $53.50, for a total transaction of $411,522.00. Following the transaction, the director owned 915,978 shares in the company, valued at $49,004,823. This represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP William Fred Fleming, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $58.95, for a total transaction of $589,500.00. Following the transaction, the senior vice president directly owned 104,981 shares in the company, valued at $6,188,629.95. This represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 199,193 shares of company stock worth $11,182,473. Company insiders own 16.80% of the company's stock.

Institutional Trading of Procore Technologies

A number of institutional investors have recently modified their holdings of PCOR. Twin Tree Management LP acquired a new position in shares of Procore Technologies during the second quarter worth $40,000. Global Retirement Partners LLC acquired a new stake in shares of Procore Technologies during the 2nd quarter valued at $52,000. Canton Hathaway LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter valued at $69,000. Versant Capital Management Inc boosted its holdings in shares of Procore Technologies by 50.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,581 shares of the company's stock valued at $64,000 after acquiring an additional 529 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Procore Technologies by 586.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,218 shares of the company's stock valued at $115,000 after acquiring an additional 1,895 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Key Stories Impacting Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Procore reported adjusted earnings of $0.51 per share, above analyst estimates of approximately $0.45–$0.46, while revenue reached $402.3 million versus expectations near $384.4 million. Revenue grew 18.7% year over year. Procore Q3 2026 financial results
• Positive Sentiment: Management said revenue and margins came in above the high end of guidance. It also made Procore AI’s digital coworkers generally available, which may support product adoption and future growth. Procore Q3 2026 financial results
• Positive Sentiment: The company issued fourth-quarter guidance, giving investors an updated outlook; the available article summary does not provide the guidance figures. The strong results were accompanied by a positive market reaction. Procore Q3 adjusted earnings, revenue rise; Q4 guidance set
• Neutral Sentiment: Valuation commentary is mixed: one analysis describes the shares as close to fair value based on cash flow, while another estimates roughly 9% upside based on earnings and buyback considerations. Procore stock looks close to fair value on cash flow Procore could be 9% undervalued
• Negative Sentiment: Despite the adjusted earnings beat, Procore’s reported net margin remained negative, a reminder that sustained profitability is still a consideration for investors.

Procore Technologies Company Profile

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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