Procore Technologies (PCOR) News Today

Procore Technologies, Inc. (PCOR) saw its shares move after a wave of analyst price‐target updates and stronger‐than‐expected Q2 results. Here’s what investors should watch:

• Positive Sentiment: Stifel Nicolaus raised its price target from $75 to $80 and reiterated a buy rating, implying a 28.9% upside. Benzinga
• Positive Sentiment: KeyCorp boosted its target to $81 with an overweight rating, suggesting a 30.5% potential gain. Benzinga
• Positive Sentiment: BMO Capital Markets raised its target to $82 and kept an outperform stance (32.1% upside). Briefing.com Finviz
• Positive Sentiment: Piper Sandler lifted its price target to $82 with an overweight rating (32.1% upside). Benzinga
• Positive Sentiment: Procore exceeded Q2 estimates with EPS of $0.35 vs. $0.24 expected and revenue of $323.9 M vs. $311.9 M consensus. Zacks
• Positive Sentiment: Business Wire detailed a “solid quarter” and new Innovation Summit announcements that underscore Procore’s market position. Business Wire
• Neutral Sentiment: Mizuho raised its target to $70 but maintained a neutral rating, implying 12.8% upside. Benzinga
• Neutral Sentiment: JMP Securities reaffirmed a market perform rating and set a $95 target (53.1% upside). Benzinga
• Neutral Sentiment: Q3 revenue guidance was kept at $326 M–$328 M vs. Street’s $327.1 M consensus, with no EPS range provided.
• Neutral Sentiment: FY 2025 sales outlook stayed at ~$1.3 B, in line with analyst expectations.
• Neutral Sentiment: The full Q2 earnings call transcript is now available, offering more color on strategy and execution. Seeking Alpha
• Negative Sentiment: Citizens JMP downgraded PCOR from outperform to market perform, which could temper near-term sentiment. Briefing.com Finviz