William Blair analyst Dylan Becker has maintained their bullish stance on PCOR stock, giving a Buy rating today.
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Dylan Becker has given his Buy rating due to a combination of factors, primarily driven by Procore’s impressive performance at the close of the fiscal year. The company reported a substantial growth in committed revenue performance obligation (cRPO) that exceeded expectations, which led to an optimistic revision of both revenue and operating margin guidance for 2025. This positive financial outlook resulted in a notable increase in the company’s stock price.
Additionally, Procore’s success in securing a significant number of large contracts underscores the strength and resilience of its platform in the construction industry. The feedback from various stakeholders about Procore’s go-to-market strategy has been overwhelmingly positive, suggesting that the company’s transition is progressing well ahead of schedule. Overall, Becker perceives Procore as well-positioned for sustained growth, supported by its critical role in the construction sector and its compelling valuation.
According to TipRanks, Becker is a 5-star analyst with an average return of 15.0% and a 71.70% success rate. Becker covers the Technology sector, focusing on stocks such as Manhattan Associates, ServiceTitan, Inc. Class A, and Guidewire.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $96.00 price target.