Procore Technologies (NYSE:PCOR) Stock Rating Raised to “Buy” at Loop Capital

Procore Technologies (NYSE:PCOR) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $93.00 price target on the stock. Loop Capital‘s price target indicates a potential upside of 22.99% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald boosted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Piper Sandler assumed coverage on shares of Procore Technologies in a research note on Monday, September 28th. They issued an “overweight” rating and a $68.00 price target on the stock. BTIG Research reiterated a “buy” rating and issued a $66.00 price objective on shares of Procore Technologies in a report on Friday, July 24th. Barclays boosted their price objective on Procore Technologies from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Finally, Citigroup reissued a “market outperform” rating on shares of Procore Technologies in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.05.

Procore Technologies Price Performance

Shares of PCOR stock opened at $75.62 on Thursday. Procore Technologies has a 1-year low of $38.03 and a 1-year high of $82.32. The company has a market cap of $11.49 billion, a price-to-earnings ratio of -328.75 and a beta of 0.75. The stock has a 50 day simple moving average of $56.99 and a 200-day simple moving average of $53.40.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $402.31 million for the quarter, compared to analysts’ expectations of $384.38 million. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Analysts anticipate that Procore Technologies will post 0.41 earnings per share for the current fiscal year.

Insider Activity

In other Procore Technologies news, insider Benjamin Singer sold 3,943 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $63.35, for a total transaction of $249,789.05. Following the completion of the transaction, the insider owned 86,931 shares of the company’s stock, valued at $5,507,078.85. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP William Fred Fleming, Jr. sold 10,000 shares of Procore Technologies stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the completion of the sale, the senior vice president owned 104,981 shares of the company’s stock, valued at $6,188,629.95. This trade represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 206,885 shares of company stock worth $11,601,918. 16.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Tree Management LP purchased a new stake in shares of Procore Technologies during the second quarter worth approximately $40,000. Global Retirement Partners LLC purchased a new position in Procore Technologies in the second quarter worth approximately $52,000. Versant Capital Management Inc lifted its stake in Procore Technologies by 50.3% in the second quarter. Versant Capital Management Inc now owns 1,581 shares of the company’s stock worth $64,000 after acquiring an additional 529 shares during the last quarter. Canton Hathaway LLC purchased a new position in Procore Technologies in the third quarter worth approximately $69,000. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in Procore Technologies by 586.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,218 shares of the company’s stock worth $115,000 after acquiring an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Trending Headlines about Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Procore reported Q3 adjusted earnings of $0.51 per share, above analyst estimates of roughly $0.45–$0.46, while revenue of $402.3 million exceeded expectations of about $384 million and increased 18.7% year over year. Management said revenue and margins came in above the high end of guidance. Procore Q3 2026 results
• Positive Sentiment: The company said Procore AI’s “digital coworkers” became generally available, adding a product-development catalyst alongside the earnings beat. Procore Q3 2026 results
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating. The new target is below the share price cited in the report, tempering the upgrade’s near-term upside signal. JPMorgan price target update
• Neutral Sentiment: Commentary on valuation was mixed: one analysis described the stock as close to fair value based on cash flow, while another estimated potential undervaluation. These are model-based assessments rather than company announcements. Procore valuation analysis

Procore Technologies Company Profile

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.