Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on Procore Technologies PCOR in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 6 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Procore Technologies, revealing an average target of $67.07, a high estimate of $82.00, and a low estimate of $54.00. Highlighting a 14.48% decrease, the current average has fallen from the previous average price target of $78.43.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Andrew Sherman | TD Cowen | Raises | Buy | $70.00 | $65.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $64.00 | $54.00 |
| Gil Luria | DA Davidson | Maintains | Neutral | $60.00 | $60.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Procore Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Procore Technologies compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Procore Technologies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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.
Financial Milestones: Procore Technologies's Journey
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Procore Technologies displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 24.42%. This indicates a notable increase in the company's 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 averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.52%, the company may face hurdles in achieving optimal financial returns.
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.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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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