Procore Technologies (NYSE:PCOR) Given New $70.00 Price Target at The Goldman Sachs Group

Procore Technologies (NYSE:PCOR) had its price target decreased by stock analysts at The Goldman Sachs Group from $80.00 to $70.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 32.48% from the stock’s current price.

PCOR has been the subject of a number of other reports. DA Davidson decreased their price target on shares of Procore Technologies from $75.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, February 13th. BTIG Research restated a “buy” rating and set a $66.00 price target on shares of Procore Technologies in a report on Wednesday. TD Cowen cut their price objective on shares of Procore Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. KeyCorp cut their price objective on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Stifel Nicolaus dropped their price target on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.56.

Procore Technologies Stock Down 0.2%

Shares of Procore Technologies stock traded down $0.12 on Thursday, hitting $52.84. 1,744,808 shares of the company traded hands, compared to its average volume of 2,511,627. The company has a market cap of $7.97 billion, a PE ratio of -103.92 and a beta of 0.78. Procore Technologies has a 12-month low of $46.08 and a 12-month high of $82.32. The company has a 50-day moving average price of $55.72 and a 200 day moving average price of $64.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.23% and a negative net margin of 5.61%.The business had revenue of $359.28 million during the quarter, compared to the consensus estimate of $352.82 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Sell-side analysts predict that Procore Technologies will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $47.64, for a total transaction of $2,673,652.08. Following the sale, the chairman directly owned 927,580 shares in the company, valued at $44,189,911.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 4,225 shares of Procore Technologies stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $211,250.00. Following the completion of the sale, the insider owned 64,660 shares in the company, valued at $3,233,000. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 148,026 shares of company stock worth $7,783,734. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Procore Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCOR. Versant Capital Management Inc grew its position in shares of Procore Technologies by 23.6% in the 3rd quarter. Versant Capital Management Inc now owns 938 shares of the company’s stock valued at $68,000 after acquiring an additional 179 shares during the period. Argos Wealth Advisors LLC boosted its holdings in Procore Technologies by 3.9% in the 1st quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company’s stock valued at $294,000 after purchasing an additional 195 shares during the period. Jones Financial Companies Lllp boosted its holdings in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after purchasing an additional 199 shares during the period. Intellectus Partners LLC boosted its holdings in Procore Technologies by 1.6% in the 3rd quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock valued at $912,000 after purchasing an additional 200 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Procore Technologies by 1.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock valued at $1,068,000 after buying an additional 202 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q1 showed revenue growth and a narrower loss vs. last year, and management added an AI board appointment — news that fueled a sharp intraday rally and renewed investor interest. Why Procore Technologies (PCOR) Is Up 11.6% After Narrower Losses And New AI Board Appointment – And What’s Next
• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $66 target, signaling continued analyst conviction in revenue growth and product positioning in construction software. BTIG Reaffirms Buy on PCOR
• Neutral Sentiment: UBS lowered its price target from $74 to $68 but kept a “buy” rating — the cut trims upside but stops short of changing the bullish view. Procore Technologies (NYSE:PCOR) Given New $68.00 Price Target at UBS Group
• Neutral Sentiment: Piper Sandler reduced its target to $71 while maintaining an “overweight” rating, another sign analysts still see meaningful upside despite trimming near‑term expectations. Piper Sandler Lowers Price Target on PCOR
• Neutral Sentiment: Full Q1 earnings call transcript and analyst write‑ups provide more detail on margins, product adoption and cloud subscription trends for investors doing deeper due diligence. Procore Q1 2026 Earnings Call Transcript
• Negative Sentiment: PCOR missed EPS (reported $0.34 vs. $0.36 expected) and still posts negative net margins and ROE, leaving profitability concerns and making the stock sensitive to near‑term execution. That earned an initial sell reaction even as revenue beat. Procore Technologies (NYSE:PCOR) Beats Q1 CY2026 Sales Expectations But Stock Drops

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.