Canaccord lowered the firm’s price target on Procore (PCOR) to $72 from $90 and keeps a Buy rating on the shares. The firm said they reported solid Q4 results with revenue growth accelerating for the third consecutive quarter as it was the company’s best quarter ever from a net new bookings perspective, and management noted that the strength was broad- based across both large deals as well as the broader commercial segment.
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Read More on PCOR:
- Procore: Durable Growth, Attractive Valuation, and Limited AI Risk Support Buy Rating
- Procore price target lowered to $65 from $90 at Barclays
- Procore: Strong Q4 Beat, AI-Driven Growth, and Clear Path to Margin Expansion Support Buy Rating
- Procore reports Q4 EPS 37c, consensus 36c
- Procore sees Q1 revenue $351M-$353M, consensus $349.42M