PCOR Stock Recent News

Procore Technologies (PCOR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, May 1, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access.

Procore Technologies is a leading provider of cloud-based construction management software and is led by a strong founder-led CEO. The company has been growing revenue and client count, but is still unprofitable, and its stock is down since going public. Procore operates in the construction industry, which is one of the largest and least digitized industries, presenting a significant opportunity for growth.

Procore Technologies (PCOR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how Procore Technologies (PCOR) and The Real Brokerage Inc. (REAX) have performed compared to their sector so far this year.

Procore Technologies (PCOR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Procore presents a compelling investment opportunity in the under-digitized construction industry with its product portfolio addressing pain points and enhancing productivity. Procore's fintech initiatives, including Procore Pay, present a significant opportunity to enhance shareholder value by addressing payment delays and streamlining processes within the construction industry. Procore Pay has the potential to generate over $1 billion in revenue by 2028.

Procore Technologies (PCOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Procore Technologies (PCOR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Procore surpasses $1 billion in ARR in FY 2023. PCOR's stock has seen ups and downs since going public, currently trading slightly below debut price. Enactment of IRA, infrastructure bills, and CHIPS act could lead to a construction "gold rush", accelerating demand for PCOR offerings.