Procore price target raised to $95 from $85 at DA Davidson

DA Davidson raised the firm’s price target on Procore to $95 from $85 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings beat and initial 2024 guide, which reflected Procore’s resilience to sustain 20% growth and discipline to deliver substantial margin improvement, the analyst tells investors in a research note.