In the preceding three months, 11 analysts have released ratings for Procore Technologies ( PCOR ) , presenting a wide array of perspectives from bullish to bearish.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Procore Technologies ( PCOR ), revealing an average target of $86.91, a high estimate of $95.00, and a low estimate of $77.00. Surpassing the previous average price target of $77.55, the current average has increased by 12.07%.

Breaking Down Analyst Ratings: A Detailed Examination

The standing of Procore Technologies ( PCOR ) among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Procore Technologies ( PCOR ). This offers insight into analysts' perspectives on the current state of the company.

Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Procore Technologies ( PCOR ) compared to the broader market.

Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Procore Technologies's ( PCOR ) future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Procore Technologies's ( PCOR ) market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Procore Technologies ( PCOR ) analyst ratings.

Delving into Procore Technologies's ( PCOR ) Background

Procore Technologies Inc ( PCOR ) is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.

Procore Technologies's Economic Impact: An Analysis

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Procore Technologies's ( PCOR ) remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 28.7%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Procore Technologies's ( PCOR ) net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -11.35%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Procore Technologies's ( PCOR ) ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.59%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Procore Technologies's ( PCOR ) ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.61%, the company may face hurdles in achieving optimal financial performance.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.07.

The Basics of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.