Piper Sandler analyst Brent Bracelin raised the firm’s price target on Procore (PCOR) to $110 from $90 and keeps an Overweight rating on the shares. Broad-based strength on strong execution drove a $5M top line beat, the firm says. Piper cites higher estimates and a higher target EV/free cash flow multiple on company-specific levers that could accelerate growth and margin prospects for the price target change.
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