
Procore Technologies (PCOR) Stock Forecast & Price Target
Procore Technologies (PCOR) Analyst Ratings
Bulls say
Procore Technologies Inc. has demonstrated robust operational performance, achieving an 800 basis point increase in operating margins despite ongoing investments in its go-to-market strategy. For the fiscal year 2025, the company raised its revenue guidance to $1,285-1,290 million, reflecting a year-over-year growth of approximately 12%, alongside a notable expansion of its non-GAAP operating margin to 13.0-13.5%. Additionally, Procore's recent strong sales performance, particularly in larger deals, coupled with strategic acquisitions like Novorender, indicates effective execution and future growth potential in the competitive SaaS construction management market.
Bears say
Procore Technologies Inc. is currently facing significant challenges indicated by its trading performance, which is below its 24-month average discount to the Macquarie Growth Software Index with a forward EV/revenue ratio of 7.3x, and a recent cut in price target by 19%. The company operates in a highly competitive construction management market, facing threats from established software vendors and the impact of macroeconomic factors on construction volumes, which play a critical role in pricing its subscriptions. Additionally, Procore's heavy investment in international expansion carries the risk of stunted future growth if these ventures do not yield the anticipated results, further contributing to a negative outlook on the stock.
This aggregate rating is based on analysts' research of Procore Technologies and is not a guaranteed prediction by Public.com or investment advice.
Procore Technologies (PCOR) Analyst Forecast & Price Prediction
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