Stock of the Day - November 20, 2023

Procore Technologies (PCOR)

$45.97

+$0.84 (+1.9%)

Market Cap: $6.81B

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. The company also provides Workforce Management, that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time; and Construction Intelligence, that allows customers to capture, manage, and learn from data for project and portfolio reporting, analytics, and artificial intelligence-guided workflows, as well as to monitor projects and drive informed decision-making for business needs. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.

Today's Trend

Procore Technologies, Inc. (PCOR) — shares are trading higher after a mix of favorable operational news (Q1 revenue beat, narrower losses and an AI-focused board appointment) and continued analyst interest despite several lowered price targets.

Q1 results showed revenue above expectations and narrower losses; the company also appointed an AI-focused board member, events investors see as improving execution and AI credibility. Why Procore Technologies (PCOR) Is Up 11.6%...
Markets / media are highlighting Procore as a top cloud-computing pick for 2026, which can support investor interest and multiple expansion if sentiment persists. Procore Technologies (PCOR) Is One Of The Best Cloud Computing Stocks To Buy In 2026
Several sell‑side firms still carry buy/overweight ratings and price targets implying 20–30%+ upside, signalling continued analyst conviction despite recent cuts (BTIG reaffirmed buy at $66). BTIG coverage
In-depth coverage and analysis pieces (earnings-transcript, valuation pieces) are available for investors doing due diligence; these are informational rather than immediate catalysts. Q1 2026 earnings call transcript
Market writeups questioning whether the pullback creates a buying opportunity—useful for longer‑term investors assessing risk/reward but not a direct price catalyst. Is Procore Now Attractive After Recent Share Price Pullback?
Multiple firms trimmed price targets recently (UBS: $74→$68; Goldman Sachs: $80→$70; Piper Sandler: $79→$71). While ratings largely remain buy/overweight, lower targets reduce upside expectations and can cap near-term gains. Procore Given New $68.00 Price Target at UBS Group Goldman Sachs PT note
Q1 EPS narrowly missed consensus (0.34 vs. 0.36) and the company still reports negative margins — fundamentals that could pressure the stock if margin improvement stalls. Procore Beats Q1 Sales Expectations But Stock Drops
Analyst comment roundups (Globe and Mail) synthesize views but do not introduce new catalysts. Analysts Offer Insights on Technology Companies

Bottom line for investors: near‑term upside is being driven by revenue beat, narrower losses and AI governance moves that improve sentiment, while downgraded price targets and an EPS miss limit upside and introduce downside risk if operating improvements slow. Monitor upcoming guidance, margin trends, and whether analysts revise ratings further.

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Procore Technologies (PCOR)

About Procore Technologies

Today's Trend

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