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