In the past quarter, a total of 13 financial analysts have shared their opinions on Procore Technologies (NYSE: PCOR), offering a range of perspectives from optimistic to cautious. Here is a summary of their recent ratings and insights:
– Total Ratings: Among the analysts, there are 4 bullish, 9 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings.
– Recent Trends: Within the last month, there has been 1 bullish rating, showing a positive shift in sentiment compared to the previous period.
– 12-Month Price Targets: The average price target set by analysts for Procore Technologies is $84.85, with a high estimate of $95.00 and a low estimate of $70.00. This indicates an 11.53% increase from the previous average target of $76.08.
Key Analyst Actions and Ratings Adjustments:
– Gil Luria (DA Davidson): Maintains a Buy rating with a price target of $95.00.
– Joe Goodwin (JMP Securities): Raised Market Outperform rating to $93.00 from $81.00.
– Kash Rangan (Goldman Sachs): Increased Buy rating to $85.00 from $74.00.
– Daniel Jester (BMO Capital): Raised Outperform rating to $90.00 from $76.00.
– Brent Bracelin (Piper Sandler): Upgraded Overweight rating to $80.00 from $77.00.
– Jason Celino (Keybanc): Adjusted Overweight rating to $95.00 from $85.00.
– Tom Roderick (Stifel): Raised Buy rating to $90.00 from $64.00.
These recent actions by analysts indicate a positive outlook on Procore Technologies, showcasing confidence in the company’s future performance and growth potential.
PCOR Stock Price Update: March 14, 2024 Analysis and Insights
On March 14, 2024, PCOR stock experienced a slight decrease in its price, dropping $0.55 or 0.69% since the previous market close. The stock opened at $78.99, which was $0.01 lower than its previous close. Despite this small drop in price, PCOR is still trading near the top of its 52-week range and above its 200-day simple moving average.
The fact that PCOR is trading near the top of its 52-week range indicates that the stock has been performing well over the past year. Investors may see this as a positive sign of the stock’s strength and potential for growth. Additionally, trading above its 200-day simple moving average suggests that the stock has been on an upward trend over the long term.
While the slight decrease in price on March 14 may be a cause for concern for some investors, it is important to keep in mind that fluctuations in stock prices are common and can be influenced by a variety of factors. It is crucial for investors to conduct thorough research and analysis before making any investment decisions.
Overall, the performance of PCOR stock on March 14, 2024, suggests that the stock is still in a strong position, despite the small drop in price. Investors should continue to monitor the stock’s performance and stay informed about any developments that may impact its price in the future.
PCOR Stock Performance Analysis: Revenue and Net Income Growth in 2024
On March 14, 2024, PCOR stock showed mixed performances based on the latest financial data provided by CNN Money. The company reported a total revenue of $950.01 million for the past year, which represented a 31.91% increase compared to the previous year. However, the total revenue remained flat at $260.04 million for the last quarter. In terms of net income, PCOR reported a loss of $189.69 million for the past year, which was an improvement of 33.89% compared to the previous year. The net income also showed a positive trend for the last quarter, with a loss of $29.52 million, representing an increase of 32.68% compared to the previous quarter. Earnings per share (EPS) also showed improvements for PCOR stock. The company reported an EPS of -$1.34 for the past year, which was a 36.42% increase compared to the previous year. However, the EPS remained unchanged at -$0.20 for the last quarter. Overall, the financial data indicated that PCOR stock had shown growth in terms of total revenue and net income compared to the previous year. However, the stock performance for the last quarter was relatively flat, with no significant changes in total revenue and EPS. Investors may want to closely monitor future financial reports and market trends to assess the potential growth prospects of PCOR stock in the coming months.
