Narrative Update: Procore Technologies Analyst Price Target Revision
Analysts have raised their price target for Procore Technologies from $84.28 to $86.44. This change reflects incremental adjustments in growth expectations and valuation assumptions.
What's in the News
- Procore Technologies unveiled new AI capabilities in its Procore Helix platform, introducing features such as photo intelligence, multilingual and mobile support, and customizable AI agents to automate construction workflows (Product-Related Announcements).
- The company announced a share repurchase program authorizing up to $300 million in buybacks, financed through working capital and valid until November 3, 2026 (Buyback Transaction Announcements).
- From July 1, 2025 to October 29, 2025, Procore repurchased 404,433 shares for $25.65 million, completing 1.27% of its authorized buyback plan (Buyback Tranche Update).
- Procore provided updated earnings guidance, projecting Q4 2025 revenue between $339 million and $341 million, and full-year revenue in the range of $1,312 million to $1,314 million. This guidance reflects approximately 14% year-over-year growth (Corporate Guidance: New or Confirmed).
- Procore appointed Ajei Gopal as Chief Executive Officer Designate. Gopal is set to succeed founder Tooey Courtemanche after the Q3 2025 financial results (Executive Changes: CEO).
Valuation Changes
- Consensus Analyst Price Target has risen modestly from $84.28 to $86.44.
- Discount Rate has fallen slightly from 8.47% to 8.42%.
- Revenue Growth expectations have edged down from 14.64% to 14.39%.
- Net Profit Margin projections have declined significantly from 4.73% to 2.43%.
- Future P/E multiple has increased sharply from 183.39x to 411.17x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.