D.A. Davidson analyst Gil Luria maintains $Procore Technologies (PCOR.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 61.8% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Procore Technologies (PCOR.US)$'s main analysts recently are as follows:
Following investor day events, it was noted that the company has set a mid-term target of achieving a 25% free cash flow margin, progressing to 40% in the longer term, which precipitated positive sentiment among investors.
The company's Analyst Day presentation laid out a robust strategic framework aimed at gradually reaccelerating growth and consistently expanding margins over the medium term, despite the ongoing challenging macroeconomic environment. Additionally, the company is well-positioned to leverage its product and market opportunities by aligning technical and geographic sales resources with its recent updates.
The firm expressed increased confidence in the company's competitive advantages following insightful conversations with customers and partners during its analyst day.
Note:
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