Procore price target raised to $96 from $87 at Baird

Baird raised the firm’s price target on Procore (PCOR) to $96 from $87 and keeps an Outperform rating on the shares. The firm elevated Procore to a top idea based on the opportunity for upward revisions in estimates, accelerating FY+2 growth, and valuation not an extreme outlier against sector, with room for improvement should estimates rise.