22 analysts have expressed a variety of opinions on Procore Technologies PCOR over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 9 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 5 | 6 | 5 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $84.82, with a high estimate of $105.00 and a low estimate of $65.00. This current average has increased by 17.5% from the previous average price target of $72.19.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Procore Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Aaron Kimson | JMP Securities | Maintains | Market Outperform | $90.00 | $90.00 |
| Brent Thill | Jefferies | Raises | Buy | $100.00 | $80.00 |
| Adam Borg | Stifel | Raises | Buy | $93.00 | $84.00 |
| Matthew Brooks | Mizuho | Raises | Neutral | $75.00 | $65.00 |
| Joe Vruwink | Baird | Raises | Outperform | $96.00 | $87.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $92.00 | $85.00 |
| Taylor McGinnis | UBS | Announces | Buy | $105.00 | - |
| Joe Goodwin | JMP Securities | Raises | Market Outperform | $90.00 | $75.00 |
| Siti Panigrahi | Mizuho | Raises | Neutral | $65.00 | $55.00 |
| Gil Luria | DA Davidson | Raises | Neutral | $70.00 | $60.00 |
| Nick Altmann | Scotiabank | Raises | Sector Outperform | $85.00 | $70.00 |
| Brent Thill | Jefferies | Raises | Hold | $80.00 | $70.00 |
| Andrew Sherman | TD Cowen | Raises | Buy | $82.00 | $70.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $83.00 | $67.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $85.00 | $71.00 |
| Jason Celino | Keybanc | Raises | Overweight | $85.00 | $68.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $85.00 | $75.00 |
| Adam Borg | Stifel | Raises | Buy | $84.00 | $70.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $83.00 | $73.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $78.00 | $66.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $90.00 | $70.00 |
| Brent Thill | Jefferies | Raises | Hold | $70.00 | $65.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Procore Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Procore Technologies compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
Understanding the Numbers: Procore Technologies's Finances
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Procore Technologies displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 19.35%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Procore Technologies's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -8.92%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Procore Technologies's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.08%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Procore Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.32%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Procore Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.06.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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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