Jefferies Thinks Procore Technologies’ Stock is Going to Recover

Jefferies analyst Brent Thill maintained a Buy rating on Procore Technologies (PCORResearch Report) today and set a price target of $75.00. The company’s shares closed last Friday at $48.45, close to its 52-week low of $40.00.

According to, Thill is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.1% and a 28.8% success rate. Thill covers the Technology sector, focusing on stocks such as Instructure Holdings, IAC/InteractiveCorp., and Integral Ad Science.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Procore Technologies with a $73.63 average price target, implying a 44.4% upside from current levels. In a report issued on July 12, Barclays also maintained a Buy rating on the stock with a $65.00 price target.

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The company has a one-year high of $108.75 and a one-year low of $40.00. Currently, Procore Technologies has an average volume of 871.8K.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCOR in relation to earlier this year.

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Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. the company’s products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.

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