Scotiabank analyst Nick Altmann maintains $Procore Technologies (PCOR.US)$ with a buy rating, and maintains the target price at $70.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 5.1% 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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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.
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