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Procore price target raised by $5 at KeyBanc, here’s why

KeyBanc analyst Jason Celino raised the firm’s price target on Procore to $70 from $65 and keeps an Overweight rating on the shares after hosting a dinner with Procore’s VP of Finance and Investor Relations, Matthew Puljiz. The firm came away from the meeting more positive on the company’s near-term demand trend and long-term FinTech opportunities. KeyBanc continues to view positively Procore’s growth drivers and expansion potential.

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