Barclays upgraded Procore (PCOR) to Overweight from Equal Weight with a price target of $90, up from $82. The firm says non-residential construction usually improves two years after rate cuts, which points to improvement in fiscal 2026. Meanwhile, Procore’s new CEO has driven wallet share in enterprise, the analyst tells investors in a research note. Barclays believes the company could compound growth at 15% through fiscal 2027.
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