TD Cowen analyst Andrew Sherman raised the firm’s price target on Procore (PCOR) to $90 from $85 and keeps a Buy rating on the shares. The firm said Q3 results were solid led by strong big deal performance, Owners & SCs outperformed, and cross-sell improved. cRPO duration tailwinds have been larger than expected and may continue longer given pooled model shift.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCOR:
- Procore price target raised to $91 from $82 at Piper Sandler
- Procore price target raised to $90 from $85 at Canaccord
- Procore price target raised to $87 from $82 at BMO Capital
- Procore price target raised to $93 from $88 at Baird
- Procore Technologies: Strong Performance and Strategic Growth Drive Buy Rating