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：
該公司在分析師日後的樂觀情緒反映了對公司競爭優勢更強的信心，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，強調了效率和每股自由現金流的改善。自由現金流利潤率預計在25%到40%以上，超出預期。此外，新市場推銷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，由於潛在的定價和打包變化、來自其「群體運動」的增強勢頭以及高昂的團隊士氣，情緒逐漸轉向積極。這些因素支持了預期的干擾可能比之前預期的更爲可控的觀點。此外，受到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%）的推動，樂觀情緒也在增長。
分析師指出，Procore在Groundbreak上提供了「增量創新」。儘管他們是「故事的基本粉絲」，但他們預計在財政第一季度即將到來的市場推銷變化可能會導致短期內的一些波動。
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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