William Blair analyst Dylan Becker has maintained their bullish stance on PCOR stock, giving a Buy rating today.
Dylan Becker has given his Buy rating due to a combination of factors that indicate Procore Technologies is in a strong position. The announcement of the CEO succession plan, with the founder transitioning to an executive chairman role, is seen as a strategic move that minimizes operational risks. This transition is expected to attract qualified candidates, reinforcing the company’s leadership in the construction software market.
Furthermore, Procore’s recent performance, highlighted by robust fourth-quarter results and a promising outlook for its go-to-market strategy, supports the Buy rating. The company’s guidance for the first quarter and full-year 2025 remains positive, and recent feedback from industry events has been encouraging. These elements collectively suggest that Procore is well-positioned for continued growth and success, justifying the Buy recommendation.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $95.00 price target.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCOR in relation to earlier this year.
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