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Procore Technologies ( (PCOR) ) has shared an announcement.
On July 27, 2026, Procore Technologies entered into a definitive agreement to acquire DroneDeploy for approximately $845 million in cash, with the transaction expected to close by the end of 2026 subject to customary shareholder and regulatory approvals. Procore also secured a debt financing commitment of up to $700 million via a 364-day senior secured bridge facility from Goldman Sachs Bank USA, though consummation of the merger is not contingent on the availability of this financing.
The deal will make DroneDeploy a wholly owned subsidiary and integrate its reality capture and robotics capabilities into Procore’s construction management platform, forming a next-generation system that combines jobsite imagery with Procore’s AI to generate actionable insights. Management signaled plans for immediate cross-selling and the creation of a retention equity and cash pool for DroneDeploy’s key personnel, while highlighting that the combination of both companies’ extensive, domain-specific datasets is intended to strengthen Procore’s AI strategy and address labor shortages through practical automation on construction sites.
The most recent analyst rating on (PCOR) stock is a Buy
with a $50.00 price target.
To see the full list of analyst forecasts on Procore Technologies stock,
see the PCOR Stock Forecast page.
Spark’s Take on PCOR Stock
According to Spark, TipRanks’ AI Analyst, PCOR is a Neutral.
The score is driven primarily by strong underlying financial quality (notably robust free cash flow and low leverage) and a bullish earnings update with raised guidance and sizeable margin expansion. Offsetting these positives, the technical picture remains clearly bearish (price below key moving averages with negative MACD), and valuation metrics are constrained by ongoing GAAP losses (negative P/E and no dividend yield provided).
To see Spark’s full report on PCOR stock,
click here.
More about Procore Technologies
Procore Technologies, Inc. is a leading global provider of construction management software, offering a unified technology platform that supports every stage of construction with AI- and data-driven insights. More than three million projects across over 150 countries run on Procore, which focuses on improving efficiency and mitigating risk for contractors, owners, and other industry stakeholders.
DroneDeploy, Inc. is a software company providing cloud-control solutions for drones and other robots, delivering unified aerial and ground reality capture and robotics capabilities. Its visual intelligence platform, used on more than 3 million jobsites in over 180 countries, enables real-time mapping, data processing, and automated workflows for the built world from active construction sites to operational assets.
Average Trading Volume: 2,965,435
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.03B
Learn more about PCOR stock on TipRanks’ Stock Analysis page.