On May 2, 2025, analyst Adam Borg from Stifel delivered an updated outlook on Procore Technologies, identified by its ticker (PCOR, Financial). Borg decided to maintain a "Buy" rating on the stock, reflecting continued confidence in the company's prospects.
However, the analyst adjusted the price target for PCOR, lowering it from $93.00 to $75.00. This adjustment marks a 19.35% decrease in the price target, with the updated target still denominated in USD.
Despite the reduction in the price target, the maintained "Buy" rating on PCOR suggests that Stifel believes in the long-term potential of Procore Technologies, even as market conditions and valuation metrics evolve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Procore Technologies Inc (PCOR, Financial) is $78.01 with a high estimate of $95.00 and a low estimate of $60.00. The average target implies an upside of 19.48% from the current price of $65.29. More detailed estimate data can be found on the Procore Technologies Inc (PCOR) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Procore Technologies Inc's (PCOR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Procore Technologies Inc (PCOR, Financial) in one year is $96.39, suggesting a upside of 47.63% from the current price of $65.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Procore Technologies Inc (PCOR) Summary page.
