In the last three months, 12 analysts have published ratings on Procore Technologies PCOR, offering a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 4 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $95.25, a high estimate of $110.00, and a low estimate of $75.00. This current average has increased by 4.87% from the previous average price target of $90.83.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Lowers | Buy | $90.00 | $100.00 |
| Steve Koenig | Macquarie | Lowers | Neutral | $75.00 | $93.00 |
| Aaron Kimson | Citizens Capital Markets | Maintains | Market Outperform | $95.00 | $95.00 |
| Aaron Kimson | Citizens Capital Markets | Maintains | Market Outperform | $95.00 | $95.00 |
| Aaron Kimson | JMP Securities | Raises | Market Outperform | $95.00 | $90.00 |
| Taylor McGinnis | UBS | Raises | Buy | $110.00 | $105.00 |
| Jason Celino | Keybanc | Raises | Overweight | $96.00 | $85.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $90.00 | $84.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $97.00 | $83.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $110.00 | $90.00 |
| Aaron Kimson | JMP Securities | Maintains | Market Outperform | $90.00 | $90.00 |
| Brent Thill | Jefferies | Raises | Buy | $100.00 | $80.00 |
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: 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 navigate through adjustments in price targets, providing estimates for Procore Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Procore Technologies's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Procore Technologies analyst ratings.
Get to Know Procore Technologies Better
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: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Procore Technologies displayed positive results in 3 months. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 16.15%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -20.62%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.84%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Procore Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.02%, 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.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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