PCOR Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for PCOR's price movement in the next trading week:
Technical Analysis
The technical indicators show:
- RSI at 41.61 indicates the stock is approaching oversold territory but not yet oversold
- MACD at 0.05 suggests weak bullish momentum
- Stock is trading above its 200-day SMA ($67.88) but below 20-day SMA ($77.79), indicating mixed medium-term trend
Fibonacci Levels
- Resistance levels: R1 $81.97, R2 $83.87, R3 $86.95
- Support levels: S1 $75.82, S2 $73.92, S3 $70.85
- Pivot point: $78.90
News Sentiment Analysis
- Recent insider selling activity: CLO Benjamin Singer sold 1,500 shares at around $78
- JMP Securities maintained Buy rating with $90 price target
- Analyst consensus shows Moderate Buy rating with average price target of $87.06, implying 14.18% upside
- Institutional sentiment is mixed with 196 institutions increasing holdings while 203 reducing positions
Price Prediction for Next Week Based on technical and sentiment analysis:
- Resistance: $81.97 (Fibonacci R1)
- Support: $75.82 (Fibonacci S1)
- Target price range: $76.50-$79.50
Trading Recommendation SELL with target entry at $78.90 (pivot point) for the following reasons:
- Negative insider sentiment with increased selling activity
- Mixed institutional investor movements
- RSI showing downward momentum
- Price trading below 20-day SMA
- Multiple resistance levels ahead
Set stop loss at $81.97 (R1) and take profit at $75.82 (S1).
PCOR Similar Chart Price Prediction
The price of PCOR is predicted to go up -1.5%, based on the high correlation periods with WBD. The similarity of these two price pattern on the periods is 91.44%.
PCOR
WBD
Down: -1.5%Similarity: 91.44%
PCOR Revenue Forecast
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PCOR Analyst's Forecast
Brent Thill
Jefferies
Hold → Strong Buy
2025-01-06
Price Target
$80 → $100
Upside
+27.91%
Jefferies analyst Brent Thill upgraded Procore to Buy from Hold with a price target of $100, up from $80. The firm expects a favorable U.S. growth environment to drive calculated remaining performance obligation reacceleration in the second half of 2025 for Procore. A combination of second half-weighted share performance in 2024 and a seasonally challenging Q1 leads Jefferies to anticipate more selective stock-picking going into 2025 for software stocks, the analyst tells investors in a research note. However, the firm believes improving fundamentals as the year progresses, along with potentially more significant revenue contributions from artificial intelligence, should result in another positive year for the sector. Procore is one of the analyst's top picks for 2025.
Matthew Brooks
Mizuho
Hold
2024-12-13
Price Target
$65 → $75
Downside
-4.85%
Joe Vruwink
Baird
Buy
2024-12-12
Price Target
$87 → $96
Upside
+17.68%
