Canaccord lowered the firm’s price target on Procore (PCOR) to $85 from $97 and keeps a Buy rating on the shares. The firm said though they started to see some tariff-related turbulence spool up late in the quarter, Canaccord thinks that Procore has set estimates in a fairly attainable place given the freshly enacted GTM transition, with guidance implying flat sequential revenue growth and non-GAAP operating margins of 8%.
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Read More on PCOR:
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