Procore Technologies is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker PCOR on the NYSE exchange.
Procore Technologies stock last closed at $81.63, down 0.89% from the previous day, and has increased 40.72% in one year. It has overperformed other stocks in the Software - Application industry by 0.02 percentage points. Procore Technologies stock is currently +69.67% from its 52-week low of $48.11, and -2.06% from its 52-week high of $83.35.
At the moment, there are 144.92M PCOR shares outstanding. The market value of PCOR is $11.83B. In the last 24 hours, 1.73M PCOR shares were traded.
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Once you have selected the best place to buy Procore Technologies stock, it's important to analyze their stock prior to buying, so you truly comprehend the risk and opportunity.
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You can see all of the due diligence checks on PCOR's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PCOR's intrinsic value.
Using relative valuations metrics:
You can access additional valuation research on PCOR's stock here.
Out of 11 Wall Street analysts who research PCOR, the consensus analyst rating on Procore Technologies is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Tom Roderick, a top 4% analyst from Stifel Nicolaus maintains PCOR with a strong buy rating and raises their PCOR price target from $64.00 to $90.00, on Feb 16, 2024.
Brent A. Bracelin, a top 1% analyst from Piper Sandler maintains PCOR with a strong buy rating and raises their PCOR price target from $77.00 to $80.00, on Feb 16, 2024.
Piper Sandler's Brent A. Bracelin raised their price target on Procore Technologies (NYSE: PCOR) by 3.9% from $77 to $80 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.
In an assessment of the company's Q4 and FY 2023 earnings report, released on 2024/02/15, the analyst noted that the 24% Y/Y rise in Procore's cRPO (Current Remaining Performance Obligations) was better than predicted, thanks to outstanding execution.
Although Piper Sandler expressed confidence with management's "solid 20% growth" guidance for 2024, the fact that cRPO could stay erratic and fall below 20% Q/Q indicates that the construction sector still faces challenges, the analyst cautioned investors.
Procore Technologies reported:
For Q4 2023:
For FY 2023:
Management guided:
For Q1 2024:
For FY 2024:
Founder & CEO Tooey Courtemanche commented: “2023 was a year of milestones at Procore as we surpassed $1B in total annual recurring revenue, reaffirmed our status as one of the best places to work in technology, and delivered numerous innovations on the platform.
“Our continued evolution leaves me optimistic about our ability to achieve our vision of improving the lives of everyone in construction.”
CFO Howard Fu commented: “Procore remains committed to continuously improving how we operate across all aspects of the business.
"This resulted in significant margin improvement in 2023, setting a strong foundation for our next phase of efficient growth.”
Matthew Brooks, a top 34% analyst from Mizuho maintains PCOR with a strong buy rating and lowers their PCOR price target from $85.00 to $75.00, on Nov 3, 2023.
Douglas Bruehl, a top 35% analyst from JP Morgan maintains PCOR with a strong buy rating and lowers their PCOR price target from $85.00 to $76.00, on Nov 2, 2023.
Saket Kalia, a top 3% analyst from Barclays maintains PCOR with a strong buy rating and lowers their PCOR price target from $87.00 to $71.00, on Nov 2, 2023.
You can dig deeper into what analysts are forecasting on the Procore Technologies stock forecast page.
Last year, PCOR revenue was $950.01M. During the past five year, PCOR's revenue has increased by 38.5% per year. This was faster than the Software - Application industry average of 27.46%.
You can research PCOR's earnings and revenue performance here.
In the last 12 months, insiders at PCOR have sold more shares than they have bought.
Howard Fu, CFO Treasurer of PCOR, was the latest PCOR insider to sell. They sold $118,293.83 worth of PCOR shares on Mar 22, 2024.
Research more about who owns PCOR stock here.
No, Procore Technologies doesn't provide an income stream by paying out dividends.
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