Procore price target raised to $85 from $77 at KeyBanc

KeyBanc raised the firm’s price target on Procore to $85 from $77 and keeps an Overweight rating on the shares. Heading into the Q4 print, the firm sees potential for Procore to post better revenue and operating margin and modestly better cRPO growth of 22.5%, the analyst tells investors in a research note.