Procore Technologies (NYSE:PCOR) Stock Price Target Raised at Barclays

Procore Technologies (NYSE:PCOR) had its target price raised by research analysts at Barclays from $62.00 to $85.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 10.76% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Piper Sandler increased their price objective on shares of Procore Technologies from $68.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. BTIG Research boosted their price target on shares of Procore Technologies from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings raised shares of Procore Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. Finally, Truist Financial set a $91.00 price objective on shares of Procore Technologies in a research report on Thursday. Nineteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Procore Technologies Trading Up 1.5%

Shares of PCOR stock traded up $1.15 on Thursday, hitting $76.75. 5,653,461 shares of the stock were exchanged, compared to its average volume of 2,877,477. Procore Technologies has a one year low of $38.03 and a one year high of $82.32. The firm has a market capitalization of $11.66 billion, a PE ratio of -333.07 and a beta of 0.75. The firm’s 50 day moving average is $56.99 and its two-hundred day moving average is $53.40.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The business 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 in the previous year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that Procore Technologies will post 0.41 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Craig Courtemanche, Jr. sold 56,122 shares of Procore Technologies stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $56.19, for a total transaction of $3,153,495.18. Following the sale, the chairman directly owned 908,316 shares of the company’s stock, valued at approximately $51,038,276.04. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kevin O’Connor sold 7,692 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $54.53, for a total value of $419,444.76. Following the completion of the sale, the director directly owned 900,594 shares of the company’s stock, valued at approximately $49,109,390.82. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 206,885 shares of company stock valued at $11,601,918 over the last three months. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Procore Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PCOR. BlackRock Inc. purchased a new stake in shares of Procore Technologies in the 2nd quarter valued at approximately $300,345,000. Assenagon Asset Management S.A. lifted its position in shares of Procore Technologies by 0.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,430,657 shares of the company’s stock worth $229,154,000 after buying an additional 32,494 shares during the period. Wellington Management Group LLP grew its stake in Procore Technologies by 8.2% during the second quarter. Wellington Management Group LLP now owns 3,450,671 shares of the company’s stock worth $140,166,000 after buying an additional 260,314 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Procore Technologies during the second quarter worth $114,444,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Procore Technologies by 158.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,020,531 shares of the company’s stock worth $115,170,000 after purchasing an additional 1,240,247 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Procore Technologies

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

• Positive Sentiment: Several firms raised price targets on November 5: Citizens JMP to $91, Goldman Sachs, Piper Sandler, BTIG and Cantor Fitzgerald to $90, and Guggenheim to $85. Loop Capital also upgraded PCOR from Hold to Buy with a $93 target. These targets imply meaningful potential upside from the roughly $75.68 reference price and reinforce positive sentiment after the company’s results. Goldman Sachs rating update Loop Capital rating update
• Positive Sentiment: The latest analyst optimism follows a Q3 earnings and revenue beat: adjusted EPS was $0.51 versus estimates around $0.45–$0.46, while revenue of $402.3 million topped expectations and grew 18.7% year over year. Management said revenue and margins exceeded the high end of guidance. Procore Q3 2026 results
• Neutral Sentiment: A Procore director sold 7,692 shares for about $419,000, reducing his holdings by 0.85%. The sale was made under a pre-arranged 10b5-1 trading plan, which may limit its significance as a signal about the company’s outlook. Director stock sale report

About Procore Technologies

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.