BMO Capital raised the firm’s price target on Procore (PCOR) to $85 from $71 and keeps an Outperform rating on the shares. The company’s Analyst Day presentation provided a solid strategic framework to gradually reaccelerate growth and consistently expand margins in the medium term, as it navigates an ongoing tougher macro backdrop, the analyst tells investors in a research note. The firm is “supportive” of the product and market opportunity for Procore as the company puts in place technical and geographic sales resources consistent with its update this summer, BMO added.
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Read More on PCOR:
- Procore price target raised to $82 from $70 at TD Cowen
- Procore price target raised to $85 from $75 at JPMorgan
- Procore price target raised to $90 from $70 at Piper Sandler
- Procore price target raised to $83 from $67 at Canaccord
- Procore price target raised to $87 from $73 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
