Update shared on 20 Dec 2025
Fair value Increased 0.095%Analysts have modestly raised their price target on Procore Technologies by approximately $0.08 per share to reflect slightly stronger expected revenue growth, which more than offsets a marginally lower profit margin outlook and a minimally reduced discount rate.
What's in the News
- The Board of Directors has authorized a new share repurchase plan, enabling Procore Technologies to buy back up to $300 million of common stock through November 3, 2026, funded from working capital (company announcement).
- The company reports progress under its existing buyback program, having repurchased a total of 1,903,527 shares, or roughly 1.27% of outstanding stock, for $128.82 million as of October 29, 2025 (company filing).
- Procore has issued new guidance for fourth quarter 2025 revenue of $339 million to $341 million, implying 12% to 13% year over year growth, and full year 2025 revenue of $1,312 million to $1,314 million, implying about 14% growth (earnings guidance).
- The company has unveiled expanded AI capabilities in its Procore Helix intelligence layer, including Procore Assist enhancements, photo intelligence, multilingual and mobile support, and the open beta of Procore Agent Builder for custom AI agents and workflow automation (product announcement).
- Procore has appointed Ajei Gopal as Chief Executive Officer Designate, with a planned transition from founder Tooey Courtemanche to Gopal following the third quarter 2025 results, while Courtemanche remains as Chair of the Board (leadership announcement).
Valuation Changes
- Fair Value Estimate has risen slightly from 86.44 to 86.53 per share, reflecting a modest upward revision in intrinsic valuation.
- Discount Rate has edged down marginally from 8.44% to 8.44%, indicating a slightly lower perceived risk profile in the valuation model.
- Revenue Growth has increased from 14.39% to 15.15%, signaling a modestly stronger outlook for top line expansion.
- Net Profit Margin has declined slightly from 3.55% to 3.48%, reflecting a small expected compression in profitability.
- Future P/E has ticked up modestly from 281.29x to 281.53x, suggesting a marginally higher valuation multiple on projected earnings.
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