Procore Technologies (PCOR) Receives Neutral Rating with Raised Price Target to $70 from DA Davidson

DA Davidson analyst Gil Luria raised the price target for Procore Technologies (PCOR) to $70, a 16.67% increase, and maintained a neutral rating. The company is a cloud-based construction management software firm that generates revenue through subscriptions for its software products. The average target price for PCOR is $80.85, with an upside of 30.32% from the current price of $62.04. The estimated GF Value for PCOR is $96.81, indicating a potential upside of 56.04%.

DA Davidson analyst Gil Luria has raised the price target for Procore Technologies (PCOR) to $70, a 16.67% increase, while maintaining a neutral rating. This adjustment comes amidst a broader positive sentiment for the company, as evidenced by the recent stock performance and analyst coverage.

Procore Technologies, a cloud-based construction management software firm, generates revenue through subscriptions for its software products. The company has seen consistent growth, with its latest earnings report showing a 13.9% year-over-year increase in revenue to $323.92 million, and an earnings per share (EPS) of $0.35, which exceeded analyst expectations [1].

The average target price for PCOR is $80.85, with an estimated upside of 30.32% from the current price of $62.04. Additionally, the estimated GF Value for PCOR is $96.81, indicating a potential upside of 56.04%. These figures suggest that the market is optimistic about the company's future prospects.

The recent positive analyst actions have contributed to a sector-wide lift for Software as a Service (SaaS) companies. A weaker-than-expected U.S. jobs report also increased investor expectations for a Federal Reserve interest rate cut, which generally boosts valuations for growth-oriented technology stocks [2].

Despite the positive sentiment, Procore Technologies' shares have been somewhat volatile, with 13 moves greater than 5% over the last year. Today's price movement indicates the market considers the latest analyst actions meaningful but not a fundamental shift in the business's perception.

Investors should keep an eye on Procore Technologies' future earnings reports and any further analyst updates to make informed decisions about the stock.

References:
[1] https://www.marketbeat.com/instant-alerts/procore-technologies-nysepcor-given-neutral-rating-at-da-davidson-2025-08-04/
[2] https://finance.yahoo.com/news/why-procore-pcor-stock-today-163634234.html