Jefferies analyst Brent Thill maintains $Procore Technologies (PCOR.US)$ with a buy rating, and maintains the target price at $100.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Procore Technologies (PCOR.US)$'s main analysts recently are as follows:
Looking towards 2025 in the sectors of security, design, and vertical-specific software, certain companies could potentially experience opportunities for improvement due to changes in the backdrop, potentials in artificial intelligence, and developments in their margin stories.
A favorable growth setting in the U.S. is expected to propel a boost in calculated remaining performance obligations for Procore during the latter half of 2025. This is complemented by a trend where share performance is projected to be weighted more towards the second half of 2024, alongside a seasonally challenging first quarter. It's anticipated that this environment will foster more selective stock-picking strategies within the software sector heading into 2025. The analysts also foresee an enhancement in fundamentals over the course of the year, potentially augmented by noteworthy revenue contributions from artificial intelligence technologies, setting a positive trajectory for the sector with Procore positioned as a leading pick 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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