Procore price target raised to $80 from $70 at Jefferies

Jefferies raised the firm’s price target on Procore (PCOR) to $80 from $70 and keeps a Hold rating on the shares, stating that the company delivered “incremental innovation” at Groundbreak. While “fundamental fans of the story,” the firm thinks go-to-market changes coming in fiscal Q1 could create a bumpy ride in the near-term, the analyst tells investors.