Procore price target raised to $80 from $74 at Mizuho

Mizuho analyst Matthew Broome raised the firm’s price target on Procore to $80 from $74 and keeps a Buy rating on the shares. The analyst says the company reported a "very good" quarter, with meaningful upside to revenue and strong large-deal activity. The firm believes Procore’s 2023 guidance will likely prove conservative once again.