Barclays raised the firm’s price target on Procore to $85 from $72 and keeps an Overweight rating on the shares ahead of the Q2 results. The analyst likes the setup on a couple names in smid-cap security, Cyberark Software (CYBR) and Tenable (TENB), and a couple names in vertical software, Procore Technologies (PCOR) and PTC (PTC).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PCOR:
- Meta upgraded, Coinbase downgraded: Wall Street’s top analyst calls
- Procore assumed with an Overweight at JPMorgan
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Procore upgraded to Outperform from Sector Perform at Scotiabank
- BIM mandates can be ongoing tailwind for Autodesk, Procore, says Stifel