Procore price target raised to $93 from $81 at JMP Securities

JMP Securities raised the firm’s price target on Procore to $93 from $81 and keeps an Outperform rating on the shares. Procore delivered “strong” results for Q4, and guidance was also “good,” the analyst tells investors in a research note. The firm continues to like Procore, as the company is effectively navigating a dynamic macroeconomic environment and remains set up well in our opinion to “prioritize growth when appropriate and do so in an efficient manner.”