Procore Technologies’ SWOT analysis: construction software stock gains momentum
Procore Technologies (PCOR) is gaining investor attention due to leadership changes, improving macroeconomic conditions in non-residential construction, and strategic alignments. The company is experiencing revenue acceleration and expanding its enterprise customer base, with positive analyst sentiment fueled by robust financial performance. Key challenges include achieving operational efficiency at scale and the ongoing competitive pressure in the construction software market.
Procore expands AI tools with construction workflow agents
Procore Technologies, Inc. has announced new AI agents integrated into its platform, supported by Datagrid intelligence to streamline construction workflows. These tools are designed to automate tasks like reviewing submittals, checking RFIs, drafting daily logs, and identifying contract conflicts, aiming to enhance efficiency and reduce manual effort in construction projects. The system emphasizes human review and provides citations to source documents, with broader availability and additional AI capabilities expected this summer.
New Procore AI Experience Embeds Datagrid into Procore
Procore Technologies, Inc. has announced an expanded AI experience, integrating new AI agents powered by Datagrid intelligence directly into its platform. This aims to automate construction workflows, execute tasks, and coordinate projects in real-time, moving beyond traditional chatbots. The new agentic AI, including features like Deep Search, Submittal Reviewer, and RFI Agent, is designed to reduce manual effort and accelerate project execution by reasoning across various construction documents while maintaining enterprise-grade security.
New Procore AI Experience Embeds Datagrid into Procore
Procore Technologies, Inc. has launched an expanded AI experience, integrating a new suite of AI agents powered by Datagrid directly into its construction management software. These "digital coworkers" are designed to automate complex workflows like submittal reviews, RFI management, and contract analysis, leveraging construction-specific context and Procore's vast dataset. The agentic AI moves beyond traditional chatbots by enabling actions and triggers within the platform, helping construction teams reduce manual effort and accelerate project execution while maintaining human oversight.
How Procore’s Q1 Results, Buybacks and Revenue Outlook Will Impact Procore Technologies (PCOR) Investors
Procore Technologies reported strong Q1 2026 results with reduced net losses, increased revenue of US$359.28 million, and a share repurchase of US$100.06 million. The company also provided positive Q2 and full-year revenue guidance, reinforcing investor confidence in its growth trajectory, driven by AI and international expansion. Despite these positives, potential unevenness in construction spending remains a key risk for investors.
Procore Technologies, Inc. (NYSE:PCOR) Given Average Recommendation of "Moderate Buy" by Analysts
Analysts have issued a "Moderate Buy" rating for Procore Technologies (NYSE:PCOR), with a consensus 12-month price target of $72.56. This positive sentiment comes despite mixed recent quarterly results, which saw revenue increase by 15.7% year-over-year to $359.28 million but earnings per share slightly miss expectations at $0.34. The company has also seen recent insider selling, although institutional investors still hold a significant 81.1% stake.
AllianceBernstein L.P. reports 9.75M Procore shares (PCOR) — 6.5% stake
AllianceBernstein L.P. has reported a beneficial ownership of 9,751,571 shares of Procore Technologies Inc. (PCOR) common stock, which represents a 6.5% stake in the company. This disclosure was made in a Schedule 13G SEC filing, indicating AllianceBernstein holds sole voting power over 9,406,682 shares and sole dispositive power over 9,746,381 shares. The shares are held on behalf of client discretionary investment advisory accounts and were acquired for investment purposes.
Procore Technologies, Inc. $PCOR Shares Bought by Stephens Investment Management Group LLC
Stephens Investment Management Group LLC increased its stake in Procore Technologies (NYSE:PCOR) by 20.7% in Q4, acquiring 75,436 additional shares, bringing its total to 440,585 shares valued at approximately $32.0 million. Procore's Q1 earnings missed analyst estimates at $0.34 per share, but revenue rose 15.7% year-over-year to $359.28 million, exceeding expectations. Analysts maintain a "Moderate Buy" consensus rating with a target price of $72.56, despite recent price target reductions and insider share sales.
Asure Software, Flywire, Procore Technologies, Varonis Systems, and Fastly Stocks Trade Down, What You Need To Know
Several software and technology stocks, including Asure Software, Flywire, Procore Technologies, Varonis Systems, and Fastly, experienced declines after a higher-than-expected April PPI report. The report caused Treasury yields to rise, diminishing hopes for 2026 rate cuts and increasing the discount rate applied to future growth earnings of these software companies. The article also highlights emerging technology-related inflation as a structural concern, potentially leading to a pullback in enterprise software spending, further impacting companies in the sector.
(PCOR) Movement as an Input in Quant Signal Sets
This article from Stock Traders Daily discusses Procore Technologies Inc. (PCOR) movement as an input in quant signal sets. It highlights weak sentiment across all horizons, supporting a short bias, and details three distinct AI-generated trading strategies with risk management parameters for various risk profiles and holding periods, including position trading, momentum breakout, and risk hedging.
Procore Technologies chairman Courtemanche sells $2.86m shares
Craig F. Courtemanche Jr., Chairman of Procore Technologies, sold approximately $2.86 million worth of common stock on May 11, 2026, through a pre-arranged trading plan. This sale occurred as PCOR shares have recently declined by 14% and trade near their 52-week low, though InvestingPro analysis suggests the stock is undervalued. Courtemanche still retains significant direct and indirect holdings in the company.
Procore Technologies Insider Sold Shares Worth $2,865,484, According to a Recent SEC Filing
An insider at Procore Technologies reportedly sold shares valued at $2,865,484, as revealed in a recent SEC filing. This transaction indicates a significant insider sale for the company.
Procore (PCOR) chairman sells 56K shares after option exercise under 10b5-1 plan
Procore's Chairman of the Board, Craig F. Courtemanche Jr., exercised stock options for 56,122 shares and simultaneously sold an equal number of shares in several open-market transactions on May 11, 2026. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Courtemanche directly holds 983,702 shares and retains options for 280,610 shares, with additional indirect holdings through family trusts and his spouse.
Procore Technologies chairman Courtemanche sells $2.86m shares
Craig F. Courtemanche Jr., Chairman of Procore Technologies (NASDAQ:PCOR), sold common stock worth approximately $2.86 million on May 11, 2026, through a pre-arranged trading plan, following the exercise of stock options. This sale comes as PCOR shares have recently declined, though the company recently reported mixed Q1 2026 earnings with a revenue beat but an EPS miss.
PCOR (PCOR) Form 144: Affiliate notifies sale of 20,026 & 12,428 shares
Procore Technologies, Inc. (PCOR) has filed a Form 144 to notify the proposed sale of a total of 32,454 shares by an affiliate. This includes 20,026 performance shares awarded on February 20, 2022, and 12,428 restricted shares awarded on February 20, 2024. The filing identifies Morgan Stanley Smith Barney LLC as the broker for this proposed transaction, with the shares having an aggregate market value of $1,507,046.93.
Procore Technologies stock hits 52-week low at $46.03
Procore Technologies Inc. (PCOR) stock recently hit a 52-week low of $46.03, reflecting a significant decline of 33.58% over the past year and 36% over six months. This drop comes amid broader tech sector challenges and a mixed first-quarter 2026 earnings report, where revenue beat expectations but EPS fell short. Despite the downturn, the company maintains a high gross profit margin and revenue growth, and InvestingPro analysis suggests it may be undervalued.
Asure Software, Flywire, Procore Technologies, Varonis Systems, and Fastly Stocks Trade Down, What You Need To Know
Several software stocks, including Asure Software, Flywire, Procore Technologies, Varonis Systems, and Fastly, declined after an April PPI report indicated rising Treasury yields and inflation, effectively eliminating 2026 rate-cut hopes. The report highlighted "sticky and accelerating" inflation data and technology-related inflation, raising concerns about enterprise software spending. This market reaction suggests a reevaluation of future growth earnings for long-duration subscription revenue models in a higher discount rate environment.
The 5 Most Interesting Analyst Questions From Procore Technologies’s Q1 Earnings Call
Procore Technologies (PCOR) Q1 earnings showed revenue beat expectations, but adjusted profit missed, leading to a negative market response. Management highlighted strong demand, customer expansion, and AI-driven feature adoption, particularly in the general contractor segment. Analysts focused on revenue consistency, market stability, AI's role in adoption, government vertical progress, and international strategy, with the company emphasizing organic growth and future AI adoption.
PCOR (NASDAQ: PCOR) insider sale notice — 56,122‑share option exercise
Procore Technologies, Inc. (PCOR) has filed a Form 144 notice, indicating a proposed sale of 56,122 shares of common stock on May 11, 2026, stemming from a stock option exercise. The filing details this proposed transaction and references two prior dispositions by Craig F. Courtemanche on April 10, 2026, and March 10, 2026, with associated proceeds. Morgan Stanley Smith Barney LLC is named as the broker for the proposed sale.
A Look At Procore Technologies (PCOR) Valuation After Strong Q1 2026 Results And Raised Guidance
Procore Technologies (PCOR) reported strong Q1 2026 results with higher revenue, a narrower net loss, and raised full-year guidance, despite a year-to-date share price decline. The company's valuation is presented as materially undervalued at $53.28 against a fair value of $71, supported by product expansion, global market penetration, and AI initiatives. The article suggests that while optimistic, investors should verify the underlying numbers and consider potential risks like construction activity pressure or increased competition.
Procore Technologies, Inc. $PCOR Shares Purchased by Makena Capital Management LLC
Makena Capital Management LLC significantly increased its stake in Procore Technologies (NYSE:PCOR), purchasing an additional 59,423 shares in the fourth quarter, bringing its total to 232,527 shares valued at approximately $16.9 million. Despite the buy, Procore's recent earnings showed a slight miss on EPS ($0.34 vs $0.36 estimate) but exceeded revenue expectations by 15.7% year-over-year. Analysts maintain a "Moderate Buy" consensus with an average price target of $72.56, even though some firms have adjusted their targets or ratings.
Why Procore Technologies (PCOR) Is Down 5.4% After Raising 2026 Guidance And Advancing Its AI Strategy – And What’s Next
Procore Technologies reported strong Q1 2026 results, raising full-year revenue guidance to $1.50 billion and advancing its AI strategy through acquisitions and a new board appointment. Despite these positive developments, the stock experienced a 5.4% dip. The article highlights that Procore's investment narrative relies on the continued growth of construction software and the successful integration of AI-enhanced subscriptions to drive future revenue and profitability.
Goldman Sachs Maintains Procore Technologies(PCOR.US) With Buy Rating, Cuts Target Price to $70
Goldman Sachs has reiterated its Buy rating on Procore Technologies (PCOR.US) but has lowered its price target for the stock to $70. This adjustment reflects an updated outlook from the investment bank regarding the company's valuation.
Analysts Offer Insights on Technology Companies: Nvidia (NVDA), Procore Technologies (PCOR) and Uber Technologies (UBER)
Three analysts recently issued bullish ratings for technology companies. Goldman Sachs maintained a Buy rating for Nvidia with a $250 price target. J.P. Morgan reiterated a Buy rating for Procore Technologies with a $71 price target, and BMO Capital also maintained a Buy rating for Uber Technologies, setting a price target of $119.
Procore Announces Timing of Second Quarter Fiscal Year 2024 Earnings Call
Procore Technologies Inc. (PCOR) has announced the timing of its Second Quarter Fiscal Year 2024 Earnings Call. This information was disseminated via a press release and highlights the company's upcoming financial disclosure. The article also mentions recent analyst ratings and SEC filings related to Procore.
UBS Adjusts Price Target on Procore Technologies to $68 From $74, Maintains Buy Rating
UBS has revised its price target for Procore Technologies (PCOR) to $68, down from the previous $74, while reaffirming its "Buy" rating on the stock. This adjustment reflects a moderated outlook but continues to signal confidence in the company's prospects.
UBS Adjusts Price Target on Procore Technologies to $68 From $74, Maintains Buy Rating
UBS has adjusted its price target for Procore Technologies (PCOR) to $68, down from $74, while reiterating a Buy rating on the stock. This update follows recent news including Procore Technologies' first-quarter earnings report, which indicated a rise in adjusted earnings and revenue. The company also provided its revenue outlook for the second quarter and full year 2026.
Procore Technologies, Inc. (NYSE:PCOR) Q1 2026 Earnings Call Transcript
Procore Technologies, Inc. (NYSE: PCOR) reported its Q1 2026 earnings, with revenue growing 15.7% year-over-year and exceeding guidance, despite missing EPS expectations. The company highlighted strong progress with Procore AI, including rapid integration of the Datagrid acquisition and new Agentic AI capabilities, which it expects to be a significant driver for future growth and efficiency. Procore also discussed continued innovation in flagship solutions for general and specialty contractors, international market expansion, and a new capital allocation strategy focused on durable, profitable growth and compounding free cash flow per share.
Procore Technologies Stock To $41?
Procore Technologies (PCOR) stock has dropped by 11.9% recently, leading Trefis to issue an "Unattractive" opinion and suggest a potential further decline to $41 due to historical price levels. Despite sharp dips historically leading to median 12-month returns of 25%, the article advises caution. PCOR has passed basic financial quality checks, but investors are encouraged to consider a portfolio approach for better returns and reduced volatility.
TD Cowen Maintains Procore Technologies(PCOR.US) With Buy Rating, Cuts Target Price to $70
TD Cowen has reiterated its Buy rating on Procore Technologies (PCOR.US) but has lowered its target price for the stock from $80 to $70. This adjustment reflects a continued positive outlook on the company despite a reduced price target.
Procore Announces First Quarter 2026 Financial Results
Procore Technologies, Inc. announced strong financial results for the first quarter ended March 31, 2026, exceeding guidance with $359 million in revenue, a 16% year-over-year increase. The company raised its full-year outlook and highlighted strategic advancements, including strengthened AI capabilities and platform integration with NVIDIA Omniverse DSX Blueprint. Procore also provided guidance for the second quarter and full year 2026, projecting continued revenue growth and improved non-GAAP operating margins.
Procore Technologies (PCOR) Lags Q1 Earnings Estimates
Procore Technologies (PCOR) reported Q1 earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36, despite exceeding revenue expectations with $359.28 million. The construction management software company's shares have dropped 14.6% year-to-date. The stock currently holds a Zacks Rank #3 (Hold), indicating it's expected to perform in line with the market.
Procore Announces First Quarter 2026 Financial Results
Procore Technologies Inc. (PCOR) has announced its financial results for the first quarter of 2026. This announcement was made via a press release distributed through Quantisnow, a platform that provides real-time market data and news for retail investors. The article also includes recent analyst ratings and SEC filings related to Procore, including a recent upgrade by Citizens.
Strong Q1 lifts Procore (NYSE: PCOR) 2026 outlook and margins
Procore Technologies reported robust financial results for Q1 2026, with revenue increasing 16% year-over-year to $359.3 million and non-GAAP operating margin reaching 17%. The company also generated strong free cash flow and repurchased approximately $100 million in shares. Consequently, Procore has raised its full-year 2026 guidance for revenue, non-GAAP operating margin, and free cash flow margin, indicating continued confidence in its growth trajectory and profitability.
Procore Technologies: Q1 Earnings Snapshot
Procore Technologies Inc. reported a first-quarter loss of $9.1 million, or 6 cents per share, which was 34 cents per share when adjusted for one-time gains and costs. This fell short of analysts' expectations of 36 cents per share. However, the company's revenue of $359.3 million surpassed Street forecasts, and it expects full-year revenue of $1.5 billion.
Procore Technologies (NYSE:PCOR) Beats Q1 CY2026 Sales Expectations But Stock Drops
Procore Technologies (NYSE: PCOR) exceeded Wall Street's revenue expectations in Q1 CY2026, with sales reaching $359.3 million, a 15.7% year-on-year increase. Despite beating revenue estimates, the stock dropped 9.8% to $56.01 immediately after the report, partly due to its non-GAAP profit per share missing consensus estimates by 6.1%. The company also slightly raised its full-year revenue guidance, forecasting $1.50 billion at the midpoint.
Procore Technologies (NYSE:PCOR) Beats Q1 CY2026 Sales Expectations But Stock Drops
Procore Technologies (NYSE:PCOR) exceeded revenue expectations in Q1 CY2026, with sales increasing 15.7% year-on-year to $359.3 million, and slightly raised its full-year guidance. Despite beating revenue estimates and achieving an adjusted operating income above expectations, the company's non-GAAP profit per share missed consensus estimates, leading to a 9.8% drop in its stock price post-announcement. The article details financial highlights, including strong revenue growth over five years and respectable annualized growth over two years, alongside analysis of billings and customer acquisition efficiency.
A Look At Procore Technologies (PCOR) Valuation After New AI Expert Joins The Board
Procore Technologies (PCOR) has appointed Vishal Misra, a Columbia University professor and technology entrepreneur, to its Board of Directors, highlighting the growing role of AI in the construction software company. The company's stock shows short-term momentum but a mixed long-term performance, and it is currently considered 16.5% undervalued with a fair value of $71. The narrative suggests AI adoption and global expansion will drive future revenue and margins, but challenges like softer construction activity and North America exposure pose risks.
Procore Technologies (PCOR) To Report Earnings Tomorrow: Here Is What To Expect
Procore Technologies (PCOR) is set to report earnings before market hours on Tuesday. The company beat revenue expectations last quarter, reporting $349.1 million, a 15.6% year-on-year increase, and added 227 new customers. Analysts project a 13.5% year-on-year revenue growth for the upcoming report, with the company historically exceeding Wall Street's expectations.
Liquidity Mapping Around (PCOR) Price Events
This article provides a detailed liquidity mapping analysis for Procore Technologies Inc. (PCOR), highlighting strong near and mid-term sentiment but a weak long-term outlook. It presents three AI-generated trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop loss points. The analysis also includes multi-timeframe signal analysis, support and resistance levels, and warns of a potential exceptional short setup.
Analysts Offer Insights on Technology Companies: Plexus (PLXS) and Procore Technologies (PCOR)
KeyBanc analyst Steve Barger maintained a Hold rating on Plexus (PLXS) with a consensus Strong Buy rating and a $248.33 average price target. KeyBanc analyst Jason Celino maintained a Buy rating on Procore Technologies (PCOR), which has a consensus Strong Buy rating and a $72.38 average price target, implying a 30.6% upside. The article highlights recent analyst ratings and price targets for these technology companies.
Analysts Offer Insights on Technology Companies: Plexus (PLXS) and Procore Technologies (PCOR)
KeyBanc analyst Steve Barger maintained a Hold rating on Plexus (PLXS), citing a Strong Buy consensus but a slight downside from current levels. For Procore Technologies (PCOR), KeyBanc analyst Jason Celino maintained a Buy rating, with a Strong Buy consensus and a significant upside from current levels. The article highlights analyst ratings and price targets for these two technology companies.
Procore Technologies Price Target Announced at $71.00/Share by Citizens
Citizens has set a price target of $71.00 per share for Procore Technologies (NYSE: PCOR). This news comes after other brokerages recently updated their ratings and price targets for the construction management software company. Procore Technologies holds a consensus rating of "Moderate Buy" from analysts, with an average target price of $74.28.
When Will Procore Technologies, Inc. (NYSE:PCOR) Turn A Profit?
This article analyzes the financial outlook for Procore Technologies (NYSE: PCOR), focusing on analyst expectations for its path to profitability. Analysts predict the company will become profitable in 2026, with significant revenue growth anticipated in the coming years. Investors are encouraged to consider these forecasts alongside current risks and company strategies.
Citizens upgrades Procore Technologies stock rating on macro improvement
Citizens has upgraded Procore Technologies (NYSE:PCOR) to Market Outperform from Market Perform, setting a price target of $71.00, citing improving construction macro conditions. This upgrade comes ahead of the company's first-quarter fiscal 2026 results and is supported by positive industry data and Procore's solid financial foundation, including impressive gross profit margins. The firm believes an acceleration in growth is possible due to an improved macro environment, potential inflationary tailwinds, and organizational maturity.
Citizens upgrades Procore Technologies stock rating on macro improvement By Investing.com
Citizens upgraded Procore Technologies (NYSE:PCOR) to Market Outperform from Market Perform, setting a price target of $71.00, citing improving construction macro conditions and strong company fundamentals. The stock had decreased 24% year-to-date, but InvestingPro data suggests it may be undervalued, with impressive gross profit margins and expected net income growth. The upgrade comes ahead of the company's first-quarter fiscal 2026 results and highlights positive industry trends and strategic leadership changes at Procore.
Procore Technologies (PCOR) Projected to Post Quarterly Earnings on Tuesday
Procore Technologies (PCOR) is slated to release its Q1 2026 earnings on Tuesday, May 5th, with analysts anticipating $0.36 EPS and revenue of $352.82 million. Despite beating estimates in the prior quarter with $0.37 EPS and 15.6% year-over-year revenue growth, analysts project $0 EPS for the current and next fiscal years. The stock currently trades around $55.61, has a market capitalization of $8.35 billion, a negative P/E ratio, and a "Moderate Buy" consensus rating with an average price target of $75.25.
Does Adding AI Scholar Vishal Misra to the Board Change the Bull Case for Procore (PCOR)?
Procore Technologies, Inc. has appointed AI scholar Vishal Misra to its Board of Directors, signaling a stronger commitment to integrating AI into its construction management platform. While Misra's expertise could enhance Procore's long-term investment narrative and product innovation, the article notes it doesn't immediately alter near-term catalysts or risks related to construction cycle fluctuations. The company's recent integration with NVIDIA Omniverse DSX Blueprint further underscores its focus on AI.
Does Adding AI Scholar Vishal Misra to the Board Change the Bull Case for Procore (PCOR)?
Procore Technologies, Inc. recently appointed AI scholar Vishal Misra to its Board of Directors, signaling a stronger commitment to integrating AI into its construction management platform. This appointment reinforces the AI component of Procore's investment thesis, although it doesn't immediately impact near-term adoption or profitability. The company aims for significant revenue and earnings growth by 2029, driven by increased AI and data capabilities in the construction sector.
M&T Bank Corp Has $10.54 Million Holdings in Procore Technologies, Inc. $PCOR
M&T Bank Corp significantly increased its stake in Procore Technologies (NYSE: PCOR) in Q4, growing its holdings by 1,840.8% to 144,900 shares valued at $10.54 million. Despite insider selling, including a notable sale by Chairman Craig Courtemanche, analysts maintain a "Moderate Buy" rating with an average target price of $75.25. Procore recently exceeded quarterly EPS and revenue estimates, though it trades at around $55.47 with a negative P/E ratio.
