Procore price target raised to $80 from $70 at Jefferies

Updates and analysis as Trump's tariffs on Canada, Mexico, and China loom on Tuesday

TipRanks

Sat, Nov 23, 2024, 4:41 AM 1 min read

Jefferies raised the firm’s price target on Procore (PCOR) to $80 from $70 and keeps a Hold rating on the shares, stating that the company delivered “incremental innovation” at Groundbreak. While “fundamental fans of the story,” the firm thinks go-to-market changes coming in fiscal Q1 could create a bumpy ride in the near-term, the analyst tells investors.