On Nov 22, major Wall Street analysts update their ratings for $Procore Technologies (PCOR.US)$, with price targets ranging from $78 to $90.
J.P. Morgan analyst Alexei Gogolev maintains with a buy rating, and adjusts the target price from $75 to $85.
Barclays analyst Saket Kalia maintains with a hold rating, and adjusts the target price from $66 to $78.
Jefferies analyst Brent Thill maintains with a hold rating, and adjusts the target price from $70 to $80.
TD Cowen analyst Andrew Sherman maintains with a buy rating, and maintains the target price at $82.
BMO Capital analyst Daniel Jester maintains with a buy rating, and adjusts the target price from $71 to $85.
Furthermore, according to the comprehensive report, the opinions of $Procore Technologies (PCOR.US)$'s main analysts recently are as follows:
The firm's increased optimism following their analyst day reflects a stronger conviction in the company's competitive edges, which became apparent through various discussions with customers and partners.
Procore's investor day reinforced confidence in the company's growth strategy, emphasizing efficiency and improvements in free cash flow per share. The projection of a free cash flow margin trajectory of 25% to 40%+ surpasses expectations. Additionally, the implementation of a new go-to-market model is anticipated to accelerate top-line growth.
Following Procore's Investor Day and user conference, there is an incrementally positive sentiment due to potential pricing and packaging changes, enhanced momentum from its "swarming" motion, and high team morale. These factors support the viewpoint that anticipated disruptions could be more contained than previously expected. Additionally, there is optimism driven by its ambitious medium- and long-term free cash flow margin targets which are over 25% and 40% respectively.
The analyst notes that Procore has delivered 'incremental innovation' at Groundbreak. Despite being 'fundamental fans of the story,' they anticipate that upcoming go-to-market changes in fiscal Q1 might lead to some near-term volatility.
Here are the latest investment ratings and price targets for $Procore Technologies (PCOR.US)$ from 10 analysts:
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美東時間11月22日，多家華爾街大行更新了$Procore Technologies (PCOR.US)$的評級，目標價介於78美元至90美元。
摩根大通分析師Alexei Gogolev維持買入評級，並將目標價從75美元上調至85美元。
巴克萊銀行分析師Saket Kalia維持持有評級，並將目標價從66美元上調至78美元。
富瑞集團分析師Brent Thill維持持有評級，並將目標價從70美元上調至80美元。
TD Cowen分析師Andrew Sherman維持買入評級，維持目標價82美元。
BMO資本市場分析師Daniel Jester維持買入評級，並將目標價從71美元上調至85美元。
此外，綜合報道，$Procore Technologies (PCOR.US)$近期主要分析師觀點如下：
公司在分析師日後增加的樂觀情緒反映了對公司競爭優勢的更強信心，這在與客戶和合作夥伴的各種討論中變得明顯。
Procore的投資者日加強了對公司增長策略的信懇智能，強調了效率和自由現金流每分享的改善。自由現金流利潤率預計爲25%至40%+，超出預期。此外，新市場模式的實施預計將加速收入增長。
在Procore的投資者日和用戶大會之後，由於潛在的定價和包裝變化、來自其「集群」運動的增強動力以及高昂的團隊士氣，情緒逐漸變得積極。這些因素支持了期望中的干擾可能會比之前預期的更容易控制的觀點。此外，憑藉其雄心勃勃的中長期自由現金流利潤率目標（分別超過25%和40%），樂觀情緒得以推動。
分析師指出，Procore在Groundbreak上交付了「增量創新」。儘管他們是「故事的根本粉絲」，但他們預計財年第一季度即將到來的市場變化可能會導致一些短期波動。
以下爲今日10位分析師對$Procore Technologies (PCOR.US)$的最新投資評級及目標價：
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