
Procore Technologies (PCOR) Stock Forecast & Price Target
Procore Technologies (PCOR) Analyst Ratings
Bulls say
Procore Technologies Inc. is projected to achieve fiscal year 2025 revenue between $1,299 million and $1,302 million, reflecting a year-over-year increase of approximately 12.8% to 13.0%. Additionally, the company has demonstrated significant growth in its contract revenue (cRPO), particularly with a 21% rise in six- and seven-figure deals compared to the prior year, showcasing enhanced demand among a diversified customer base. With expectations of improved profitability and a solid gross margin maintained in the mid-80s, Procore's strategic positioning in the cloud-based construction management software sector underlines a positive long-term growth outlook.
Bears say
Procore Technologies Inc. is experiencing a negative outlook due to declining operating margins, expected to retreat slightly to 14.4% in Q4, alongside a significant drop in Cash Flow from Operations (CFFO) and Free Cash Flow (FCF) compared to estimates. The company reported a gross margin of 83.4%, falling short of expectations, which raises concerns about cost management as expenses shifted from Sales and Marketing to Cost of Goods Sold during its go-to-market transition. Additionally, industry-wide challenges, such as a labor deficit and stagnating productivity gains, threaten Procore's ability to capitalize on market opportunities, with FY25 revenue guidance falling below consensus expectations amid a cautious outlook on new growth initiatives.
This aggregate rating is based on analysts' research of Procore Technologies and is not a guaranteed prediction by Public.com or investment advice.
Procore Technologies (PCOR) Analyst Forecast & Price Prediction
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