The Goldman Sachs Group Forecasts Strong Price Appreciation for Procore Technologies (NYSE:PCOR) Stock

Posted by Geri Gentry on Nov 5th, 2026

Procore Technologies (NYSE:PCOR – Get Free Report) had its target price increased by The Goldman Sachs Group from $70.00 to $90.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group‘s target price would suggest a potential upside of 18.09% from the company’s previous close.

PCOR has been the topic of several other reports. JPMorgan Chase & Co. raised their price target on Procore Technologies from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial set a $91.00 target price on Procore Technologies in a research note on Thursday. Cantor Fitzgerald raised their target price on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their price target on Procore Technologies from $56.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, TD Cowen upped their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Nineteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.90.

Check Out Our Latest Research Report on PCOR

Procore Technologies Stock Up 0.8%

Shares of NYSE:PCOR traded up $0.61 during trading on Thursday, reaching $76.21. 5,045,923 shares of the company traded hands, compared to its average volume of 2,874,722. The firm has a fifty day simple moving average of $56.99 and a 200 day simple moving average of $53.40. The firm has a market cap of $11.58 billion, a P/E ratio of -329.29 and a beta of 0.75. Procore Technologies has a 1-year low of $38.03 and a 1-year high of $82.32.

Procore Technologies (NYSE:PCOR – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $402.31 million for the quarter, compared to analyst estimates of $384.38 million. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, research analysts anticipate that Procore Technologies will post 0.41 EPS for the current year.

Insider Transactions at Procore Technologies

In other news, insider Benjamin C. Singer sold 3,943 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $63.35, for a total transaction of $249,789.05. Following the transaction, the insider directly owned 86,931 shares in the company, valued at approximately $5,507,078.85. This represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elisa Steele sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $63.00, for a total transaction of $94,500.00. Following the completion of the transaction, the director owned 58,371 shares in the company, valued at $3,677,373. This represents a 2.51% decrease in their ownership of the stock. 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 206,885 shares of company stock valued at $11,601,918. 16.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund acquired a new position in Procore Technologies in the third quarter valued at about $1,387,000. Keybank National Association OH grew its position in shares of Procore Technologies by 39.0% during the 3rd quarter. Keybank National Association OH now owns 12,334 shares of the company’s stock worth $638,000 after buying an additional 3,459 shares during the period. New York Life Investment Management LLC raised its position in shares of Procore Technologies by 26.7% in the 3rd quarter. New York Life Investment Management LLC now owns 17,293 shares of the company’s stock valued at $894,000 after acquiring an additional 3,640 shares during the period. AlphaCore Capital LLC bought a new position in Procore Technologies during the 3rd quarter worth approximately $237,000. Finally, Fulcrum Asset Management LLP grew its holdings in Procore Technologies by 933.8% during the third quarter. Fulcrum Asset Management LLP now owns 8,064 shares of the company’s stock valued at $399,000 after purchasing an additional 7,284 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Key Procore Technologies News

Here are the key news stories impacting Procore Technologies this week:

Positive Sentiment: Several firms raised their price targets: Loop Capital upgraded PCOR from Hold to Buy and set a $93 target; Citizens JMP raised its target to $91; and Piper Sandler, BTIG Research and Cantor Fitzgerald each lifted targets to $90. The cluster of higher targets and the Loop upgrade reinforce optimism about the stock. Loop Capital rating
Positive Sentiment: Procore beat Q3 estimates, reporting adjusted earnings of $0.51 per share versus roughly $0.45–$0.46 expected, and revenue of $402.3 million versus about $384 million expected. Revenue rose 18.7% year over year, and management said revenue and margins exceeded the high end of its guidance. Procore Q3 results
Positive Sentiment: The company also made Procore AI’s “digital coworkers” generally available, adding a product and adoption catalyst to the earnings news. Procore Q3 results
Neutral Sentiment: Director Kevin O’Connor sold 7,692 shares for about $419,000 under a pre-arranged 10b5-1 plan. The sale reduced his holdings by 0.85%, and he retained more than 900,000 shares, limiting the significance of the transaction. Director share sale
Neutral Sentiment: JPMorgan raised its price target to $74 while maintaining an Overweight rating; that target was below the share price cited in the report, contrasting with the more bullish revisions. JPMorgan rating

About Procore Technologies

(Get Free Report)

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.