Berenberg initiated coverage of Procore (PCOR) with a Buy rating and $84 price target Despite the resilience of the architecture, engineering and construction market during the ongoing construction downcycle, macro headwinds continue to weigh on the stocks, the analyst tells investors in a research note. The firm’s research indicates customers increasingly prefer software partners. Its Buy rating on Procore plays into this trend.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCOR: