Providing a diverse range of perspectives from bullish to bearish, 16 analysts have published ratings on Procore Technologies PCOR in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 9 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 6 | 4 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $70.69, with a high estimate of $90.00 and a low estimate of $54.00. Highlighting a 14.63% decrease, the current average has fallen from the previous average price target of $82.80.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of Procore Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joe Vruwink | Baird | Announces | Outperform | $73.00 | - |
| Robert Trout | Macquarie | Lowers | Neutral | $60.00 | $70.00 |
| Nick Altmann | Scotiabank | Lowers | Sector Outperform | $70.00 | $90.00 |
| Joe Goodwin | JMP Securities | Lowers | Market Outperform | $82.00 | $93.00 |
| Tom Roderick | Stifel | Lowers | Buy | $63.00 | $85.00 |
| Daniel Jester | BMO Capital | Lowers | Outperform | $71.00 | $85.00 |
| Kash Rangan | Goldman Sachs | Lowers | Buy | $73.00 | $85.00 |
| Jason Celino | Keybanc | Lowers | Overweight | $68.00 | $79.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $63.00 | $74.00 |
| Alexei Gogolev | JP Morgan | Lowers | Overweight | $75.00 | $90.00 |
| Saket Kalia | Barclays | Lowers | Equal-Weight | $54.00 | $78.00 |
| Gil Luria | DA Davidson | Lowers | Neutral | $60.00 | $90.00 |
| Robert Trout | Macquarie | Maintains | Neutral | $70.00 | $70.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $74.00 | $77.00 |
| Tom Roderick | Stifel | Lowers | Buy | $85.00 | $90.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $90.00 | $86.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Procore Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Procore Technologies compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Procore Technologies's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Procore Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Procore Technologies analyst ratings.
Unveiling the Story Behind Procore Technologies
Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.
A Deep Dive into Procore Technologies's Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining Procore Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.42% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Procore Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -2.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Procore Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.52%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Procore Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.33%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.06.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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