Procore Technologies (PCOR) Stock Forecast & Price Target

$58.00

+0.89 (+1.56%)

(As of 09/13/2024 ET)

Procore Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 17 Analyst Ratings

Based on 17 Wall Street analysts who have issued ratings for Procore Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 7 have given a hold rating, and 10 have given a buy rating for PCOR.

Consensus Price Target

$69.31
19.50% Upside

High Forecast	$85.00
Average Forecast	$69.31
Low Forecast	$54.00

According to the 17 analysts' twelve-month price targets for Procore Technologies, the average price target is $69.31. The highest price target for PCOR is $85.00, while the lowest price target for PCOR is $54.00. The average price target represents a forecasted upside of 19.50% from the current price of $58.00.

Type	Current Forecast 9/15/23 to 9/14/24	1 Month Ago 8/16/23 to 8/15/24	3 Months Ago 6/17/23 to 6/16/24	1 Year Ago 9/15/22 to 9/15/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$69.31	$69.31	$80.94	$79.07
Forecasted Upside	19.50% Upside	14.01% Upside	16.20% Upside	19.94% Upside

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PCOR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PCOR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Procore Technologies Stock vs. The Competition

Type	Procore Technologies	Business Services Companies	S&P 500
Consensus Rating Score	2.59	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.50% Upside	255.85% Upside	8.59% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/2/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$90.00 ➝ $70.00	+23.72%
8/2/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$85.00 ➝ $63.00	+16.75%
8/2/2024	JMP Securities 2 of 5 stars		Lower Target	Market Outperform ➝ Market Outperform	$93.00 ➝ $82.00	+51.96%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$85.00 ➝ $73.00	+36.50%
8/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$85.00 ➝ $71.00	+32.76%
8/2/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$79.00 ➝ $68.00	+31.48%
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8/2/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$74.00 ➝ $63.00	+21.50%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $75.00	+11.57%
8/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$78.00 ➝ $54.00	-19.67%
8/2/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$90.00 ➝ $60.00	-10.74%
7/30/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Trout Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$70.00 ➝ $70.00	-0.70%
6/12/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Sherman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$85.00	+30.49%
6/4/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Panigrahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$75.00 ➝ $70.00	+7.08%
5/2/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$95.00 ➝ $80.00	+14.71%
11/2/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$90.00 ➝ $55.00	-8.59%
9/21/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$75.00 ➝ $70.00	+7.56%
9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$73.00	+36.65%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:38 AM ET.

PCOR Forecast - Frequently Asked Questions

What is Procore Technologies' forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Procore Technologies is $69.31, with a high forecast of $85.00 and a low forecast of $54.00.
Should I buy or sell Procore Technologies stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCOR shares.
Does Procore Technologies's stock price have much upside?: According to analysts, Procore Technologies's stock has a predicted upside of 14.01% based on their 12-month stock forecasts.
Has Procore Technologies been downgraded by Wall Street analysts recently?: Over the previous 90 days, Procore Technologies's stock had 2 downgrades by analysts.
What analysts cover Procore Technologies?: Procore Technologies has been rated by research analysts at Barclays, BMO Capital Markets, DA Davidson, JMP Securities, JPMorgan Chase & Co., KeyCorp, Macquarie, Piper Sandler, Scotiabank, Stifel Nicolaus, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Procore Technologies more than its competitors?: Analysts like Procore Technologies less than other "business services" companies. The consensus rating score for Procore Technologies is 2.59 while the average consensus rating score for "business services" companies is 2.66. Learn more on how PCOR compares to other companies.