
Procore Technologies (PCOR) Stock Forecast & Price Target
Procore Technologies (PCOR) Analyst Ratings
Bulls say
Procore Technologies Inc. is projected to achieve fiscal year 2025 revenues between $1,299 million and $1,302 million, marking a year-over-year increase of approximately 12.8% to 13.0%, supported by a robust growth in annual recurring revenue (ARR) customers. The company has shown significant growth in large deals, with a 21% year-over-year increase for six- and seven-figure contracts, indicating strong demand across a diversified customer base. Additionally, Procore anticipates improvements in profitability metrics, such as a non-GAAP operating margin of 13.0% to 13.5%, alongside a favorable gross margin in the mid-80s, which collectively support a positive outlook for future financial performance.
Bears say
Procore Technologies Inc. faces a negative outlook primarily due to anticipated slight declines in operating margins to 14.4% in Q4 without one-time benefits, compounded by industry-wide challenges such as labor shortages and stagnant productivity gains in construction. Despite beating revenue estimates, the company reported a gross margin of 83.4%, which fell short of expectations, and critical financial indicators like cash flow from operations and free cash flow also missed projections, signaling potential inefficiencies. Furthermore, the company's cautious fiscal year 2025 guidance reflects ongoing concerns regarding macroeconomic conditions and competition, which may hinder Procore's growth prospects moving forward.
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
Start investing in Procore Technologies (PCOR)
Order type
Buy in
Order amount
Est. shares
0 shares