Procore Technologies ( (PCOR) ) has issued an update.
On July 27, 2026, Procore Technologies entered into a merger agreement to acquire DroneDeploy, a Delaware-based provider of drone imaging and data solutions, through a newly formed subsidiary. DroneDeploy was designated to survive the transaction and operate as a wholly owned subsidiary of Procore, expanding Procore’s capabilities in aerial data capture and analysis for construction and related sectors.
Procore consummated the merger on September 9, 2026, paying approximately $845 million in cash, subject to customary adjustments for working capital, transaction expenses, cash, and indebtedness. The deal marks a significant investment in advanced visualization and monitoring tools, potentially strengthening Procore’s competitive position by integrating drone-based data into its construction management platform and enhancing value for customers that rely on digital project oversight.
The most recent analyst rating on (PCOR) stock is a Buy
with a $63.00 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 Outperform.
The score is driven primarily by strong financial quality—especially robust and growing free cash flow, high gross margins, and low leverage—plus favorable technical momentum with the stock trading above major moving averages. The biggest constraint is valuation/earnings quality (negative P/E and ongoing operating losses), with added execution risk from the large acquisition and convertible financing.
To see Spark’s full report on PCOR stock,
click here.
More about Procore Technologies
Procore Technologies, Inc. is a construction management software company that provides cloud-based solutions to help owners, contractors, and other stakeholders manage projects, resources, and collaboration across the construction lifecycle. The company focuses on digitizing workflows and integrating technology partners to enhance project visibility and operational efficiency in the construction industry.
Average Trading Volume: 3,362,238
Technical Sentiment Signal: Buy
Current Market Cap: $8.81B
Find detailed analytics on PCOR stock on TipRanks’ Stock Analysis page.
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This story was written using TipRanks's AI tools and reviewed by a TipRanks editor.