
Procore Technologies (PCOR) Stock Forecast & Price Target
Procore Technologies (PCOR) Analyst Ratings
Bulls say
Procore Technologies has demonstrated notable financial improvement, increasing its operating margins by 800 basis points while projecting a revenue growth of 12% year-over-year for FY25, now estimated at $1,285-1,290 million. The company's non-GAAP operating margin guidance reflects a positive trajectory, expecting a year-over-year expansion of 300 to 350 basis points, signaling a commitment to profitability. Furthermore, strong sales performance, notably in larger deals and improved execution, suggests Procore is well-positioned to leverage its new go-to-market model and continue driving growth and profitability in the coming fiscal periods.
Bears say
Procore Technologies Inc. is currently trading below its 24-month average valuation compared to the Macquarie Growth Software Index, reflecting a decline in public software valuations and investor sentiment. The company faces significant challenges in a competitive construction management market, along with concerns regarding the macroeconomic environment that may adversely affect construction volumes, a critical factor for pricing its software. Additionally, Procore's strategic investments in international markets pose risks; should these initiatives fail, the company's future growth trajectory could be negatively impacted.
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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