Procore Achieves FedRAMP Moderate Authorization for Government Solution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Newsfilter
- Secure Management Platform: Procore Technologies announced that its Procore for Government solution has achieved Federal Risk and Authorization Management Program (FedRAMP®) Moderate Authorization, enabling U.S. federal entities and their contractors to manage and build federal construction projects through a secure, unified platform.
- Infrastructure Investment: The U.S. public sector generates over $520 billion in annual construction spending, and Procore's solution is specifically designed to handle Controlled Unclassified Information (CUI), supporting Department of Defense contractors in meeting Cybersecurity Maturity Model Certification (CMMC) Level 2 obligations.
- Data Integration and Compliance: The Procore for Government platform automates complex compliance tasks to ensure project details remain secure and audit-ready, helping U.S. agencies and their contractors accelerate project timelines while mitigating delays and budget overruns.
- Commitment to Technological Innovation: Procore President Steve Davis stated that achieving FedRAMP Moderate Authorization reflects the company's commitment to bringing innovations from the commercial sector into public infrastructure construction, aiming to enhance efficiency and data security in the construction industry.
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Analyst Views on PCOR
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
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
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 Achieves FedRAMP Moderate Authorization for Government Solution
- Secure Management Platform: Procore Technologies announced that its Procore for Government solution has achieved Federal Risk and Authorization Management Program (FedRAMP®) Moderate Authorization, enabling U.S. federal entities and their contractors to manage and build federal construction projects through a secure, unified platform.
- Infrastructure Investment: The U.S. public sector generates over $520 billion in annual construction spending, and Procore's solution is specifically designed to handle Controlled Unclassified Information (CUI), supporting Department of Defense contractors in meeting Cybersecurity Maturity Model Certification (CMMC) Level 2 obligations.
- Data Integration and Compliance: The Procore for Government platform automates complex compliance tasks to ensure project details remain secure and audit-ready, helping U.S. agencies and their contractors accelerate project timelines while mitigating delays and budget overruns.
- Commitment to Technological Innovation: Procore President Steve Davis stated that achieving FedRAMP Moderate Authorization reflects the company's commitment to bringing innovations from the commercial sector into public infrastructure construction, aiming to enhance efficiency and data security in the construction industry.
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Procore Technologies Acquires Datagrid to Accelerate AI Strategy
- Acquisition Completed: Procore Technologies finalized its acquisition of Datagrid in January 2026, aiming to accelerate its AI strategy and significantly enhance data connectivity within the construction ecosystem.
- Data Connectivity Expansion: This acquisition will help Procore reduce data silos for customers and automate workflows, thereby improving overall operational efficiency and enhancing customer satisfaction.
- Market Reaction: Despite being viewed as a strategic move, Procore's shares fell by 3.74%, indicating market concerns regarding post-acquisition integration and its impact on financial performance.
- Future Outlook: Procore targets $1.314 billion in revenue by 2025, with the new CEO's strategic vision expected to create opportunities for margin expansion and further drive business growth.
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