Archived explainer. For the current picture see today's PCOR page.
PROCORE TECHNOLOGIES (PCOR) is up +8.76% in the latest session. Our newswire has captured 1 story on PCOR across 1 source in the last 36 hours, with AI sentiment reading bearish (avg 42/100).
PCOR stock rose 8.76% to $46.58 on Wednesday as multiple analysts maintained or upgraded their ratings on the stock. Despite ongoing concerns about AI disruption in the construction software sector, recent analyst activity has reinforced confidence in Procore Technologies' long-term potential.
BTIG, Guggenheim, Jefferies, and Barclays all reiterated or adjusted their positive ratings on Procore Technologies in recent days. BTIG maintained a Buy rating with a $66 price target. Guggenheim initiated coverage with a Buy and a $68 price target. Jefferies kept its Buy rating but reduced its price target to $75. Barclays also maintained an Overweight rating, though it lowered its price target to $50. These actions suggest continued optimism among institutional analysts about Procore's strategic direction and market positioning. The company also announced the launch of its Connected Common Data Environment, a new platform intended to streamline construction project management and enhance collaboration.
Procore Technologies has a market capitalization of $6.5 billion and remains unprofitable with a trailing twelve-month (TTM) earnings per share (EPS) of -0.51. The company reported a TTM revenue growth of 14.9%, but its net margin remains negative at -5.6%. The stock has traded between $38.03 and $82.31 over the past 52 weeks. In the last 90 days, insiders have sold a total of $9.0 million worth of shares, with no buy transactions reported. Meanwhile, Donald J. Trump has made several small trades in the stock, including both purchases and sales within a $1,001 to $50,000 range during February 2026.
The stock has seen strong analyst coverage in recent days, but no upcoming earnings date was provided. Investors should monitor the breadth of analyst commentary and any new developments related to the company's Connected Common Data Environment platform.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
Wasatch Global Investors, an asset management company, released its “Small Cap Growth Strategy” Q2 2026 investor letter. A copy of the letter can be downloaded here. Small-cap equities experienced strong gains in the second quarter, primarily driven by companies associated with artificial intelligence (AI). However, the leadership within this sector remains narrow. Unprofitable companies and those […]
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Earlier PCOR move explainers: 2026-07-28 · 2026-07-27 · 2026-07-22