William Blair analyst Dylan Becker has maintained their bullish stance on PCOR stock, giving a Buy rating yesterday.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Dylan Becker has given his Buy rating due to a combination of factors including the strategic appointment of Ajei Gopal as the new CEO of Procore Technologies. Gopal’s extensive experience in enterprise software and his successful track record at similarly sized companies are seen as significant assets for Procore’s future growth and development.
Additionally, Becker highlights the strong customer trust in Procore, as evidenced by numerous customer interactions, and the company’s commitment to sustainable growth and margin expansion. These elements, along with the potential for increased free cash flow per share, reinforce the confidence in Procore’s ability to maintain its leadership in the industry under Gopal’s guidance.
In another report released yesterday, TR | OpenAI – 4o also upgraded the stock to a Buy with a $87.00 price target.
Based on the recent corporate insider activity of 97 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.