DA Davidson Downgrades Procore Technologies, Inc (PCOR) to Neutral

Procore Technologies, Inc (PCOR) PT Lowered to $55 at Mizuho

Mizuho analyst Siti Panigrahi lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $55.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "PCOR shares are down ~20% since reporting FQ2 results yesterday given the GTM structure changes the company intends to put... More

Procore Technologies, Inc (PCOR) PT Lowered to $60 at Macquarie

Macquarie analyst Robert Trout lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $60.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "PCOR posted a solid ~3%+ Q2 rev. beat amidst US commercial construction backlogs which have steadily declined since... More

Procore (PCOR) stock tumbles as analysts raise concerns, Q3 revenue guidance misses

Procore (NYSE: PCOR) reported better-than-expected second-quarter earnings and revenue, but its shares tumbled 23.3% after the company's third-quarter guidance fell short of analyst expectations and analysts raised concerns regarding the company signaling significant company-wide operating model changes.

The construction management software provider posted adjusted earnings per share of $0.39, surpassing the analyst estimate of $0.25. Revenue for the quarter came in at $284 million, up 24% YoY and beating the consensus estimate of $275.26 million.

However, Procore's Q3 revenue guidance of $286-288 million fell below the analyst consensus of $291.7 million,... More

Procore Technologies, Inc (PCOR) PT Lowered to $82 at JMP Securities

JMP Securities analyst Joe Goodwin lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $82.00 (from $93.00) while maintaining a Market Outperform rating.... More

Procore Technologies, Inc (PCOR) PT Lowered to $68 at KeyBanc

KeyBanc analyst Jason Celino lowered the price target on Procore Technologies, Inc (NYSE: PCOR) to $68.00 (from $79.00) while maintaining a Overweight rating.... More

Barclays Downgrades Procore Technologies, Inc (PCOR) to Equalweight

Barclays analyst Saket Kalia downgraded Procore Technologies, Inc (NYSE: PCOR) from Overweight to Equalweight with a price target of $54.00 (from $78.00).

The analyst comments: "We are downgrading PCOR to EW from OW for three reasons: (1) PCOR is moving to a general-manager based model while building a new channel... More

Procore (PCOR) Tops Q2 EPS by 14c ; Offers guidance

Procore (NYSE: PCOR) reported Q2 EPS of $0.39, $0.14 better than the analyst estimate of $0.25. Revenue for the quarter came in at $284 million versus the consensus estimate of $275.26 million.

GUIDANCE:

Procore sees Q3 2024 revenue of $286-288 million, versus the consensus of $291.7... More