Procore (PCOR) reported strong Q1 results on Thursday, with committed remaining performance obligations up 20% year over year, an acceleration from 19% last quarter, Citizens JMP tells investors in a research note. The firm continues to like Procore for long-term capital appreciation, despite seeing macro and tariff uncertainty as the driver of the stock near-term, and the company does “not have clarity on how tariffs could change the demand environment this year.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCOR:
- Procore Technologies: Strong Performance and Growth Potential Amidst Construction Industry Challenges
- Procore price target raised to $72 from $70 at Barclays
- Procore Technologies Reports Strong Q1 2025 Results
- Procore Technologies: Strong Market Position and Growth Potential Justify Buy Rating
- Procore sees 2025 revenue $1.286B-$1.290B, consensus $1.28B