JMP Securities analyst Aaron Kimson raised the firm’s price target on Procore (PCOR) to $95 from $90 and keeps an Outperform rating on the shares. The company delivered mixed Q4 results and guidance, the analyst tells investors in a research note. Procore remains the leading vendor in a large and under-digitized end-market, and it is primed to capture an outsized share of this market over time, the firm argues.
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Read More on PCOR:
- Procore Technologies: Navigating Strategic Adjustments Amidst Growth Opportunities and Short-Term Uncertainties
- Procore Technologies Inc. Reports Positive Q4 Earnings Call
- Procore rises 14.1%
- Procore price target raised to $95 from $85 at Scotiabank
- Procore price target raised to $80 from $70 at DA Davidson