Company Confirms FY26 Adjusted Operating Margin View at 17.5%-18%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy PCOR?
Backs FY26 adjusted operating margin view 17.5%-18%.
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Analyst Views on PCOR
Wall Street analysts forecast PCOR stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 56.090
Low
70.00
Averages
87.83
High
95.00
Current: 56.090
Low
70.00
Averages
87.83
High
95.00
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.
Procore Technologies Appoints New CFO and CRO
- Executive Appointments: Procore Technologies has appointed Rachel Pyles as Chief Financial Officer, succeeding Howard Fu; Pyles brings extensive financial management experience from her previous role as CFO at Ansys and various leadership positions at FIS, Worldpay, and Vantiv, which may enhance the company's financial strategy.
- Revenue Leadership Change: Walt Hearn has been appointed as Chief Revenue Officer, set to succeed Larry Stack on April 1, 2026, and his experience is expected to drive Procore's strategic execution in revenue growth and market expansion.
- Financial Performance Beats Expectations: Procore's recent non-GAAP EPS of $0.37 exceeded expectations by $0.01, while revenue reached $349.11 million, surpassing forecasts by $8.35 million, indicating strong market performance and operational efficiency.
- Future Outlook: With the addition of new executives and robust financial results, Procore is poised to maintain its growth momentum in upcoming financial reports, bolstering investor confidence and potentially driving stock price appreciation.
See More
Procore Appoints New CFO and CRO to Drive Growth
- Executive Appointments: Procore announces the appointment of Rachel Pyles as CFO and Walt Hearn as CRO, with Pyles succeeding Howard Fu and Hearn succeeding Larry Stack on April 1, 2026, aimed at driving the next phase of growth for the company.
- Financial Guidance Reaffirmed: Procore reaffirms its financial guidance for Q1 and FY26, indicating stability in financial performance and confidence in future growth, which is expected to continue creating value for shareholders.
- Rich Leadership Experience: Pyles balanced revenue growth with cost control during her tenure as CFO at Ansys, while Hearn achieved double-digit revenue growth in various sales roles at Ansys, showcasing the exceptional capabilities of both new executives in their respective fields.
- Strategic Transition Support: The addition of these executives not only revitalizes Procore's technology platform and AI capabilities but also strengthens the company's market leadership in the construction industry, ensuring a competitive edge in a rapidly changing market environment.
See More
Procore Technologies Inc. Names Rachel Pyles as CFO Designate and Walt Hearn as CRO Designate, Effective Immediately
Company Overview: Procore Technologies is a leading provider of construction management software, focusing on improving project efficiency and collaboration in the construction industry.
Recent Appointments: The company has made key appointments, including Rachel Pyles as Chief Financial Officer and Walt Hearn as Chief Revenue Officer, to strengthen its leadership team.
Designations and Recognition: Procore has been recognized for its effective designations and contributions to the construction technology sector, highlighting its commitment to innovation.
Impact on the Industry: The leadership changes and recognition are expected to enhance Procore's influence and effectiveness in the construction technology landscape today.
See More
Procore Technologies Positioned for Significant Upside Through 2027
- Market Mispricing Opportunity: Procore Technologies' shares were trading at $48.86 on February 23, with its EV/Sales multiple declining from approximately 20x to 5x, indicating a significant mispricing by the market that could offer investors substantial upside potential.
- Strategic Transformation Execution: The company is undergoing a strategic transformation centered on Procore Helix, an AI-powered analytics and workflow engine designed to evolve the platform from a passive system of record into an autonomous construction intelligence layer, which is expected to automate complex tasks and enhance market competitiveness.
- Acquisitions Strengthening Capabilities: Procore's acquisitions of Novorender, FlyPaper, and Datagrid further enhance its capabilities in real-time model processing and automated design coordination, driving seamless workflow execution across third-party systems.
- Future Growth Expectations: While consensus forecasts suggest modest growth, reacceleration is anticipated by late 2026 as Helix commercialization and macro normalization drive stronger revenue and margin expansion, potentially leading to a re-rating of the company's valuation.
See More
Wall Street Sees Software Stock Recovery Amid AI Concerns
- Software Stock Recovery: After a historic sell-off, Wall Street identifies buying opportunities in software stocks, with the iShares Expanded Tech-Software Sector ETF rising nearly 1.8% on Tuesday, although it remains down over 25% year-to-date, indicating a gradual recovery in market confidence.
- AI Transition Opportunities: Analysts believe that while AI tools may threaten traditional software pricing power, companies like Intuit and CrowdStrike are seen as
See More
TD Cowen Raises Procore Price Target to $85, Maintains Buy Rating
- Price Target Increase: TD Cowen raised Procore's (PCOR) price target from $80 to $85, reflecting the company's strong Q4 performance and guidance, indicating market confidence in its future growth potential.
- Buy Rating Maintained: Following the model update, TD Cowen maintains a 'Buy' rating on Procore, acknowledging the firm's solid core execution and margin expansion, suggesting potential upside in the stock price.
- Competitor Adjustments: DA Davidson and Mizuho have lowered their price targets for Procore to $55, indicating differing market perspectives on the company's outlook, which could impact investor confidence and stock volatility.
- Market Reaction Analysis: Despite some firms reducing their price targets, Procore's core execution and margin expansion remain favorable, with analysts generally believing the company possesses strong competitive advantages in the current market environment, potentially attracting more investor interest.
See More
Procore Technologies Appoints New CFO and CRO
- Executive Appointments: Procore Technologies has appointed Rachel Pyles as Chief Financial Officer, succeeding Howard Fu; Pyles brings extensive financial management experience from her previous role as CFO at Ansys and various leadership positions at FIS, Worldpay, and Vantiv, which may enhance the company's financial strategy.
- Revenue Leadership Change: Walt Hearn has been appointed as Chief Revenue Officer, set to succeed Larry Stack on April 1, 2026, and his experience is expected to drive Procore's strategic execution in revenue growth and market expansion.
- Financial Performance Beats Expectations: Procore's recent non-GAAP EPS of $0.37 exceeded expectations by $0.01, while revenue reached $349.11 million, surpassing forecasts by $8.35 million, indicating strong market performance and operational efficiency.
- Future Outlook: With the addition of new executives and robust financial results, Procore is poised to maintain its growth momentum in upcoming financial reports, bolstering investor confidence and potentially driving stock price appreciation.
See More
Procore Appoints New CFO and CRO to Drive Growth
- Executive Appointments: Procore announces the appointment of Rachel Pyles as CFO and Walt Hearn as CRO, with Pyles succeeding Howard Fu and Hearn succeeding Larry Stack on April 1, 2026, aimed at driving the next phase of growth for the company.
- Financial Guidance Reaffirmed: Procore reaffirms its financial guidance for Q1 and FY26, indicating stability in financial performance and confidence in future growth, which is expected to continue creating value for shareholders.
- Rich Leadership Experience: Pyles balanced revenue growth with cost control during her tenure as CFO at Ansys, while Hearn achieved double-digit revenue growth in various sales roles at Ansys, showcasing the exceptional capabilities of both new executives in their respective fields.
- Strategic Transition Support: The addition of these executives not only revitalizes Procore's technology platform and AI capabilities but also strengthens the company's market leadership in the construction industry, ensuring a competitive edge in a rapidly changing market environment.
See More
Procore Technologies Inc. Names Rachel Pyles as CFO Designate and Walt Hearn as CRO Designate, Effective Immediately
Company Overview: Procore Technologies is a leading provider of construction management software, focusing on improving project efficiency and collaboration in the construction industry.
Recent Appointments: The company has made key appointments, including Rachel Pyles as Chief Financial Officer and Walt Hearn as Chief Revenue Officer, to strengthen its leadership team.
Designations and Recognition: Procore has been recognized for its effective designations and contributions to the construction technology sector, highlighting its commitment to innovation.
Impact on the Industry: The leadership changes and recognition are expected to enhance Procore's influence and effectiveness in the construction technology landscape today.
See More
Procore Technologies Positioned for Significant Upside Through 2027
- Market Mispricing Opportunity: Procore Technologies' shares were trading at $48.86 on February 23, with its EV/Sales multiple declining from approximately 20x to 5x, indicating a significant mispricing by the market that could offer investors substantial upside potential.
- Strategic Transformation Execution: The company is undergoing a strategic transformation centered on Procore Helix, an AI-powered analytics and workflow engine designed to evolve the platform from a passive system of record into an autonomous construction intelligence layer, which is expected to automate complex tasks and enhance market competitiveness.
- Acquisitions Strengthening Capabilities: Procore's acquisitions of Novorender, FlyPaper, and Datagrid further enhance its capabilities in real-time model processing and automated design coordination, driving seamless workflow execution across third-party systems.
- Future Growth Expectations: While consensus forecasts suggest modest growth, reacceleration is anticipated by late 2026 as Helix commercialization and macro normalization drive stronger revenue and margin expansion, potentially leading to a re-rating of the company's valuation.
See More
Wall Street Sees Software Stock Recovery Amid AI Concerns
- Software Stock Recovery: After a historic sell-off, Wall Street identifies buying opportunities in software stocks, with the iShares Expanded Tech-Software Sector ETF rising nearly 1.8% on Tuesday, although it remains down over 25% year-to-date, indicating a gradual recovery in market confidence.
- AI Transition Opportunities: Analysts believe that while AI tools may threaten traditional software pricing power, companies like Intuit and CrowdStrike are seen as
See More
TD Cowen Raises Procore Price Target to $85, Maintains Buy Rating
- Price Target Increase: TD Cowen raised Procore's (PCOR) price target from $80 to $85, reflecting the company's strong Q4 performance and guidance, indicating market confidence in its future growth potential.
- Buy Rating Maintained: Following the model update, TD Cowen maintains a 'Buy' rating on Procore, acknowledging the firm's solid core execution and margin expansion, suggesting potential upside in the stock price.
- Competitor Adjustments: DA Davidson and Mizuho have lowered their price targets for Procore to $55, indicating differing market perspectives on the company's outlook, which could impact investor confidence and stock volatility.
- Market Reaction Analysis: Despite some firms reducing their price targets, Procore's core execution and margin expansion remain favorable, with analysts generally believing the company possesses strong competitive advantages in the current market environment, potentially attracting more investor interest.
See More
