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.
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:
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