Procore price target raised to $85 from $70 at Scotiabank

Scotiabank analyst Nick Altmann raised the firm’s price target on Procore (PCOR) to $85 from $70 and keeps an Outperform rating on the shares. The company’s investor day has helped the firm get more comfortable with the company’s new go-to-market strategy helping drive medium-term growth durability and improving expansion motions, the analyst tells investors.