Why Procore Technologies (PCOR) Is Down 8.5% After Securing FedRAMP Moderate Authorization For Government Platform

• In late January 2026, Procore Technologies announced that its Procore for Government platform achieved FedRAMP Moderate Authorization, enabling U.S. federal agencies and their contractors to manage sensitive construction projects on a secure, unified system built for Controlled Unclassified Information and public-sector compliance needs.
• This federal clearance positions Procore to address a large, complex public construction market that has historically relied on fragmented, outdated tools, potentially making its cloud platform more integral to how critical infrastructure projects are planned, executed, and audited.
• We’ll now examine how FedRAMP Moderate Authorization could reshape Procore’s investment narrative, especially its ambitions in government and public infrastructure.

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Procore Technologies Investment Narrative Recap

To own Procore, you need to believe construction software can become mission critical across both private and public projects, with government adoption reinforcing that role. FedRAMP Moderate Authorization strengthens a near term catalyst around winning public sector work, but it does not remove core risks tied to construction cycles, North American concentration, or rising competition in construction tech.

The upcoming Q4 2025 earnings release on February 12 sits alongside this FedRAMP news, giving investors a closer look at how Procore is balancing growth with narrowing losses. Together, regulatory progress and the company’s financial trajectory frame how investors might weigh the opportunity in public infrastructure against current margin pressures and the slower shift toward profitability.

Yet even with new federal credentials, investors should be aware that Procore still faces meaningful concentration risk if North American construction activity...

Read the full narrative on Procore Technologies (it's free!)

Procore Technologies' narrative projects $1.8 billion revenue and $240.6 million earnings by 2028. This requires 14.3% yearly revenue growth and a $383.4 million earnings increase from -$142.8 million today.

Uncover how Procore Technologies' forecasts yield a $83.89 fair value, a 72% upside to its current price.

Exploring Other Perspectives

Four members of the Simply Wall St Community value Procore between US$53.58 and US$83.89 per share, highlighting a wide span of expectations. You should consider that while some focus on government and regulatory wins as catalysts, others remain concerned about macro sensitive construction demand and Procore’s heavy North American exposure when assessing the company’s future performance.

Explore 4 other fair value estimates on Procore Technologies - why the stock might be worth as much as 72% more than the current price!

Build Your Own Procore Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Procore Technologies research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Procore Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Procore Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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