Procore price target raised to $95 from $85 at KeyBanc

KeyBanc raised the firm’s price target on Procore to $95 from $85 and keeps an Overweight rating on the shares. Procore posted solid Q4 results with revenue and operating margin both coming in above expectations, the analyst tells investors in a research note. The firm feels “better” about the current remaining performance obligation growth “glide path” for 2024.