Procore: Solid Core Execution and Margin Expansion Support Buy Rating and Further Upside

UBS analyst Taylor McGinnis maintained a Buy rating on Procore Technologies today and set a price target of $74.00.

Taylor McGinnis has given his Buy rating due to a combination of factors tied to Procore’s recent performance and outlook. The company posted a stronger-than-expected quarter, with accelerating normalized cRPO growth driven by better go-to-market execution and broader product adoption, which in turn underpins management’s confidence in its forward guidance.

Moreover, Procore is guiding to revenue growth that modestly exceeds prior targets while also projecting meaningful EBIT margin expansion, even as it navigates a leadership transition and maintains investment flexibility. The guidance appears grounded primarily in the strength of the core business rather than optimistic assumptions or large contributions from recent acquisitions, leading McGinnis to view the shares as positioned for further upside as execution remains solid.

According to TipRanks, McGinnis is an analyst with an average return of -19.7% and a 25.45% success rate. McGinnis covers the Technology sector, focusing on stocks such as Twilio, HubSpot, and Procore Technologies.