Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Procore Technologies (PCOR – Research Report) on May 6 and set a price target of $78.00. The company’s shares closed last Friday at $49.99, close to its 52-week low of $47.39.
According to TipRanks.com, Borg is a 2-star analyst with an average return of 1.1% and a 39.5% success rate. Borg covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Ping Identity Holding, and CyberArk Software.
Currently, the analyst consensus on Procore Technologies is a Strong Buy with an average price target of $85.00, a 68.1% upside from current levels. In a report issued on May 4, William Blair also maintained a Buy rating on the stock.
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Procore Technologies’ market cap is currently $6.77B and has a P/E ratio of -24.82.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCOR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. the company’s products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.
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