
Procore Technologies (PCOR) Stock Forecast & Price Target
Procore Technologies (PCOR) Analyst Ratings
Bulls say
Procore Technologies Inc. exhibited strong financial performance, increasing operating margins by 800 basis points while adjusting revenue guidance for FY25E to $1,285-1,290 million, reflecting a 12% year-over-year growth. Management has also raised its non-GAAP operating margin expectations to 13.0-13.5%, suggesting significant margin expansion of 300 to 350 basis points compared to the previous year. The company's improved execution in large deals and the anticipated benefits from its go-to-market strategy further bolster a positive outlook for its financial trajectory.
Bears say
Procore Technologies is currently trading below its 24-month average discount relative to the Macquarie Growth Software Index, indicating investor concerns over its valuation amid a broader downturn in public software assessments. The company faces significant challenges in a competitive construction management market, compounded by macroeconomic risks that may affect construction volumes, a crucial driver for its subscription-based revenue. Additionally, the substantial investments in international markets could further strain growth if they do not yield expected returns, 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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