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Stifel Maintains Procore Technologies(PCOR.US) With Buy Rating, Raises Target Price to $70

Futu News ·  Oct 31 21:31  · Ratings

Stifel analyst Adam Borg maintains $Procore Technologies (PCOR.US)$ with a buy rating, and adjusts the target price from $63 to $70.

According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 10.9% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Procore Technologies (PCOR.US)$'s main analysts recently are as follows:

  • The initial guidance for fiscal year 2025 indicating 11% annual revenue growth and a 13% operating margin was noted as the most significant takeaway from the Q3 earnings call. Management has described these figures as the minimum expectations for fiscal 2025.

  • Procore is anticipated to encounter more favorable CRPO comparisons in the third quarter, yet attention is expected to be directed towards adjustments in go-to-market strategies and the prevailing macroeconomic conditions.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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