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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.
Procore Technologies Inc. NYSE: PCORÂ is a construction management software platform serving civil, commercial and residential markets. It helps manage workflows, costs and communication between owners, project managers and contractors from conception to completion.
Procore Technologies, Inc. (PCOR) Q4 2023 Earnings Call Transcript
Procore Technologies (PCOR) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.08 per share a year ago.
Will the software industry still be the darling of 2024? Its comeback in 2023, thanks to the market embracing AI, pushed the sector to greater heights.
IPO Stock Of The Week Procore Technologies is nearing a fresh buy point, but PCOR stock has a flaw that investors should watch.