Procore price target raised to $80 from $70 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Procore (PCOR) to $80 from $70 and keeps a Neutral rating on the shares. The firm cites the company’s Q4 datapoints suggest sustained progress in the operating model transition, also noting that these are paired with notable upside to 4Q bookings aided in part of Mag7 Owners, the analyst tells investors in a research note. DA Davidson adds that the management’s 2025 revenue guidance looks “especially low”, with beats and raises looking “likely”.