Procore price target lowered to $67 from $70 at Canaccord

Canaccord lowered the firm’s price target on Procore (PCOR) to $67 from $70 and keeps a Buy rating on the shares. The firm said Procore’s Q3 results were generally fine as growth is clearly slowing, but that was already factored into guidance, and on that basis, they showed the typical Procore revenue beat, which amounted to 19% growth in the quarter.