Procore price target raised to $85 from $80 at Stifel

Stifel raised the firm’s price target on Procore (PCOR) to $85 from $80 and keeps a Buy rating on the shares. The company delivered a solid Q3 print, with better-than-expected revenue, with the firm saying it is “pleased” go-to-market changes continue to show signs of progress with higher pipeline conversion, improving expansion rates, and lower voluntary attrition. The firm added that it expects another year of “healthy” margin improvement.