Procore Technologies (PCOR) Gets a Hold from Goldman Sachs

In a report released on August 4, Kash Rangan from Goldman Sachs reiterated a Hold rating on Procore Technologies (PCORResearch Report), with a price target of $63.00. The company’s shares closed last Friday at $63.07.

Rangan covers the Technology sector, focusing on stocks such as Samsara, Atlassian, and Everbridge. According to TipRanks, Rangan has an average return of 9.5% and a 57.69% success rate on recommended stocks.

Procore Technologies has an analyst consensus of Strong Buy, with a price target consensus of $73.78.

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PCOR market cap is currently $8.55B and has a P/E ratio of (34.40).

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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