Procore: Durable Growth, Attractive Valuation, and Limited AI Risk Support Buy Rating

TD Cowen analyst Andrew Sherman reiterated a Buy rating on Procore Technologies today and set a price target of $85.00.

Andrew Sherman has given his Buy rating due to a combination of factors including solid fundamental performance and attractive valuation. He points to Procore’s strong cRPO and revenue outperformance, along with management’s above-consensus FY26 growth and margin outlook, as evidence of durable demand and disciplined execution.

He also highlights Procore’s leading competitive position, sizable and growing user base, and differentiated AI and data center strategy as key long-term growth drivers. In his view, the shares trade at a reasonable multiple relative to mid-teens growth, limited AI disruption risk, and expanding profitability, which supports a higher price target and continued Buy recommendation.

In another report released today, Jefferies also maintained a Buy rating on the stock with a $95.00 price target.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCOR in relation to earlier this year.