William Blair analyst Dylan Becker has maintained their bullish stance on PCOR stock, giving a Buy rating today.
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Dylan Becker has given his Buy rating due to a combination of factors, including Procore’s solid start to the year and management’s decision to lift full-year guidance despite the share-price pullback. He interprets the slight nuance in the outlook as conservative, especially in light of strengthening normalized cRPO trends and resilient end-market demand across customer segments.
Becker also highlights growing traction of Procore’s AI-driven capabilities and expanding data moat, which enhance operational efficiency for users and deepen the platform’s strategic importance in construction workflows. Coupled with disciplined execution on free cash flow per share growth, controlled dilution, and an attractive valuation versus long-term digitization potential, he believes the risk‑reward profile justifies maintaining a Buy recommendation.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $70.00 price target.