Canaccord analyst David Hynes raised the firm’s price target on Procore (PCOR) to $85 from $70 and keeps a Buy rating on the shares. The firm continues to believe that Procore is one of the best-positioned vertical SaaS stories in all of software. The modernization of construction tech is a huge opportunity; at this point it feels like a two-horse race with Autodesk (ADSK) in which we think Procore has a distinct competitive advantage.
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