Procore Technologies Inc. shares fell 6.83% and hit a 20-day low amid broader market weakness, with the Nasdaq-100 down 1.20% and the S&P 500 down 0.61%.
The decline occurred despite Procore achieving FedRAMP Moderate Authorization for its Procore for Government solution, which allows U.S. federal entities to manage construction projects securely. This authorization is significant as it supports compliance with Cybersecurity Maturity Model Certification (CMMC) Level 2 for Department of Defense contractors, potentially opening up a market worth over $520 billion in annual construction spending.
This achievement positions Procore favorably within the public sector, enhancing its credibility and market reach. However, the stock's decline reflects broader market trends rather than the positive news surrounding its government solution.
Wall Street analysts forecast PCOR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCOR is 87.83 USD with a low forecast of 70.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
Wall Street analysts forecast PCOR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCOR is 87.83 USD with a low forecast of 70.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 56.790
Low
70.00
Averages
87.83
High
95.00
Current: 56.790
Low
70.00
Averages
87.83
High
95.00
Barclays
Equal Weight -> Overweight
upgrade
$82 -> $90
2026-01-05
Reason
Barclays
Price Target
$82 -> $90
AI Analysis
2026-01-05
upgrade
Equal Weight -> Overweight
Reason
Barclays upgraded Procore to Overweight from Equal Weight with a price target of $90, up from $82. The firm says non-residential construction usually improves two years after rate cuts, which points to improvement in fiscal 2026. Meanwhile, Procore's new CEO has driven wallet share in enterprise, the analyst tells investors in a research note. Barclays believes the company could compound growth at 15% through fiscal 2027.
BTIG
Nick Altmann
Buy
initiated
$88
2025-12-16
Reason
BTIG
Nick Altmann
Price Target
$88
2025-12-16
initiated
Buy
Reason
BTIG analyst Nick Altmann initiated coverage of Procore with a Buy rating and $88 price target.
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BTIG
Nick Altmann
Buy
initiated
$88
2025-12-16
Reason
BTIG
Nick Altmann
Price Target
$88
2025-12-16
initiated
Buy
Reason
BTIG analyst Nick Altmann initiated coverage of Procore with a Buy rating and $88 price target. The firm says the company's "industry-leading" construction management platform connects stakeholders, bringing efficiency, enhancing safety, and driving return on investment. BTIG believes Procore market position, underlying data platform, and domain expertise around a "complex and fragmented construction workflow" positions the company well for the next era of transformation in construction.
Baird
Joe Vruwink
Outperform
maintain
$88 -> $93
2025-11-06
Reason
Baird
Joe Vruwink
Price Target
$88 -> $93
2025-11-06
maintain
Outperform
Reason
Baird analyst Joe Vruwink raised the firm's price target on Procore to $93 from $88 and keeps an Outperform rating on the shares. The firm updated its model following results which showed growth improving as its GTM model yields benefits.
About PCOR
Procore Technologies, Inc. is a technology company. The Company is a global provider of cloud-based construction management software. The Company's unified technology platform leverages artificial intelligence (AI) and data-driven insights and decision making. The Company's platform is modernizing and digitizing construction management by enabling access to project information, simplifying complex workflows, and facilitating communication among relevant stakeholders. Its core customers are owners, general contractors, and specialty contractors operating across the residential and non-residential segments of the construction industry. Its solutions include Preconstruction, Project Execution, Resource Management, Financial Management, and Procore Helix. Its Preconstruction solutions include Tender Management, BIM, and Estimating. Its Project Execution solutions include Project Management, and Quality and Safety. Its Procore Helix solutions include Analytics, Assist, and Insights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
