UBS lowered the firm’s price target on Procore (PCOR) to $87 from $110 and keeps a Buy rating on the shares. While the firm’s checks weren’t sounding any alarm bells yet, sounding constructive on near-term Procore demand since it’s being supported by already funded projects, there is a risk of pausing or delaying spend in the future if uncertainty and tariff headwinds persist, the analyst tells investors in a research note. The firm believes these risks look already priced in to a degree and that checks were better than feared.
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Read More on PCOR:
- Procore price target lowered to $75 from $85 at BMO Capital
- Procore Technologies: Positioned for Growth Amidst Market Challenges
- Procore price target lowered to $75 from $110 at Piper Sandler
- Loop Capital enterprise software analyst holds analyst/industry conference call
- Procore price target lowered to $77 from $96 at KeyBanc
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