Piper Sandler analyst Brent Bracelin maintains $Procore Technologies (PCOR.US)$ with a buy rating, and maintains the target price at $90.
According to TipRanks data, the analyst has a success rate of 43.4% and a total average return of -3.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Procore Technologies (PCOR.US)$'s main analysts recently are as follows:
In terms of the 2025 outlook for the security, design, and vertical-specific software spaces, there are four companies positioned to potentially benefit from improvements, artificial intelligence advancements, or margin enhancement opportunities.
A favorable U.S. growth environment is anticipated to spur a reacceleration of calculated remaining performance obligation in the latter half of 2025 for Procore. Challenges in the first quarter, alongside a concentration of share performance in the later half of 2024, lead to expectations of more discerning stock selections as 2025 approaches for software stocks. Improving fundamentals through the year, augmented by potentially larger revenue impacts from artificial intelligence, are expected to cultivate another positive year for the sector. Procore is highlighted as a top selection for 2025.
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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