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Procore price target raised to $81 from $77 at KeyBanc

KeyBanc raised the firm’s price target on Procore (PCOR) to $81 from $77 and keeps an Overweight rating on the shares after the company beat Q2 revenue by “a fantastic” 4%. As expected, headline cRPO was quite strong, with normalized cRPO growth in the mid-teens, in line with prior quarters, KeyBanc adds.

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