Procore price target lowered to $75 from $82 at JMP Securities

JMP Securities lowered the firm’s price target on Procore (PCOR) to $75 from $82. Procore delivered better than expected Q3 results, though guidance was mixed due to “incremental conservatism,” given the earlier-than-usual timing, the analyst tells investors in a research note. While the company continues to view 2025 as a “transition year” while it recalibrates its go-to-market motion from a functional and personnel perspective, the company continues to like Procore for long-term capital appreciation.