UBS Group Issues Pessimistic Forecast for Procore Technologies (NYSE:PCOR) Stock Price

Procore Technologies (NYSE:PCOR) had its target price lowered by investment analysts at UBS Group from $74.00 to $68.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 26.91% from the company’s current price.

PCOR has been the topic of several other reports. Wall Street Zen lowered shares of Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets dropped their price objective on shares of Procore Technologies from $87.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. KeyCorp dropped their price objective on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Barclays dropped their price objective on shares of Procore Technologies from $90.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Finally, Canaccord Genuity Group dropped their price objective on shares of Procore Technologies from $90.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.56.

Procore Technologies Price Performance

NYSE PCOR opened at $53.58 on Wednesday. The firm’s fifty day simple moving average is $55.78 and its two-hundred day simple moving average is $64.18. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. Procore Technologies has a 12-month low of $46.08 and a 12-month high of $82.32. The firm has a market capitalization of $8.08 billion, a P/E ratio of -105.06 and a beta of 0.78.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.23% and a negative net margin of 5.61%.The firm had revenue of $359.28 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same period in the prior year, the firm posted $0.23 earnings per share. Procore Technologies’s revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts forecast that Procore Technologies will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Connor Kevin J. O sold 5,769 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $51.07, for a total transaction of $294,622.83. Following the sale, the director directly owned 990,983 shares of the company’s stock, valued at $50,609,501.81. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $47.64, for a total transaction of $2,673,652.08. Following the transaction, the chairman owned 927,580 shares of the company’s stock, valued at $44,189,911.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 148,026 shares of company stock valued at $7,783,734 over the last ninety days. 16.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. lifted its position in Procore Technologies by 23.2% during the first quarter. Meeder Advisory Services Inc. now owns 3,756 shares of the company’s stock valued at $214,000 after purchasing an additional 708 shares during the period. Swiss National Bank raised its position in shares of Procore Technologies by 0.4% in the first quarter. Swiss National Bank now owns 223,000 shares of the company’s stock worth $12,711,000 after acquiring an additional 900 shares during the period. Roubaix Capital LLC raised its position in shares of Procore Technologies by 54.6% in the first quarter. Roubaix Capital LLC now owns 72,754 shares of the company’s stock worth $4,147,000 after acquiring an additional 25,687 shares during the period. California Public Employees Retirement System raised its position in shares of Procore Technologies by 11.8% in the first quarter. California Public Employees Retirement System now owns 172,932 shares of the company’s stock worth $9,857,000 after acquiring an additional 18,184 shares during the period. Finally, Assetmark Inc. raised its position in shares of Procore Technologies by 0.6% in the first quarter. Assetmark Inc. now owns 129,017 shares of the company’s stock worth $7,354,000 after acquiring an additional 778 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q1 results showed revenue above expectations and narrower losses; the company also appointed an AI-focused board member, events investors see as improving execution and AI credibility. Why Procore Technologies (PCOR) Is Up 11.6%…
• Positive Sentiment: Markets / media are highlighting Procore as a top cloud-computing pick for 2026, which can support investor interest and multiple expansion if sentiment persists. Procore Technologies (PCOR) Is One Of The Best Cloud Computing Stocks To Buy In 2026
• Positive Sentiment: Several sell?side firms still carry buy/overweight ratings and price targets implying 20–30%+ upside, signalling continued analyst conviction despite recent cuts (BTIG reaffirmed buy at $66). BTIG coverage
• Neutral Sentiment: In-depth coverage and analysis pieces (earnings-transcript, valuation pieces) are available for investors doing due diligence; these are informational rather than immediate catalysts. Q1 2026 earnings call transcript
• Neutral Sentiment: Market writeups questioning whether the pullback creates a buying opportunity—useful for longer?term investors assessing risk/reward but not a direct price catalyst. Is Procore Now Attractive After Recent Share Price Pullback?
• Negative Sentiment: Multiple firms trimmed price targets recently (UBS: $74?$68; Goldman Sachs: $80?$70; Piper Sandler: $79?$71). While ratings largely remain buy/overweight, lower targets reduce upside expectations and can cap near-term gains. Procore Given New $68.00 Price Target at UBS Group Goldman Sachs PT note
• Negative Sentiment: Q1 EPS narrowly missed consensus (0.34 vs. 0.36) and the company still reports negative margins — fundamentals that could pressure the stock if margin improvement stalls. Procore Beats Q1 Sales Expectations But Stock Drops
• Neutral Sentiment: Analyst comment roundups (Globe and Mail) synthesize views but do not introduce new catalysts. Analysts Offer Insights on Technology Companies

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.