Procore Technologies (NYSE:PCOR) Price Target Cut to $50.00 by Analysts at Barclays

Posted by Francis Steltz on Jul 13th, 2026

Procore Technologies (NYSE:PCOR – Get Free Report) had its target price dropped by investment analysts at Barclays from $65.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 15.37% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. TD Cowen reduced their price target on Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Piper Sandler lowered their price objective on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. UBS Group dropped their target price on Procore Technologies from $74.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Citizens Jmp raised Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 target price on the stock in a research report on Wednesday, April 29th. Finally, BTIG Research reissued a “buy” rating and issued a $66.00 price target on shares of Procore Technologies in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Get Our Latest Research Report on PCOR

Procore Technologies Stock Up 0.0%

NYSE:PCOR opened at $43.34 on Monday. The company’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $54.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.12 and a current ratio of 1.12. Procore Technologies has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The stock has a market capitalization of $6.54 billion, a P/E ratio of -84.98 and a beta of 0.75.

Procore Technologies (NYSE:PCOR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The firm had revenue of $359.28 million for the quarter, compared to the consensus estimate of $352.82 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Procore Technologies will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Procore Technologies

In related news, insider Benjamin C. Singer sold 3,942 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $197,100.00. Following the completion of the transaction, the insider owned 96,723 shares in the company, valued at $4,836,150. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Connor Kevin J. O sold 5,769 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $41.93, for a total value of $241,894.17. Following the completion of the transaction, the director owned 967,901 shares of the company’s stock, valued at $40,584,088.93. This trade represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 139,268 shares of company stock worth $6,622,714. Company insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PCOR. SJS Investment Consulting Inc. raised its stake in shares of Procore Technologies by 7,100.0% in the first quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Procore Technologies in the third quarter valued at approximately $34,000. V Square Quantitative Management LLC acquired a new position in Procore Technologies in the 4th quarter worth approximately $41,000. Allworth Financial LP increased its holdings in Procore Technologies by 48.2% in the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Procore Technologies during the 4th quarter worth approximately $54,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Company Profile

(Get Free Report)

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.