Procore Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Procore Technologies, Inc. (NYSE:PCOR) reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates, after the closing bell on Tuesday.

Procore Technologies reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 45 cents per share. The company reported quarterly sales of $402.313 million which beat the analyst consensus estimate of $383.933 million.

Procore Technologies raised its FY2026 sales guidance from $1.489 billion-$1.494 billion to $1.557 billion-$1.559 billion.

“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance,” said Ajei Gopal, President and CEO of Procore. “We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available. We are well on our way to becoming a next-generation, AI-native construction management platform and a true system of intelligence for construction.”

Procore Technologies shares gained 0.5% to $76.00 in pre-market trading

These analysts made changes to their price targets on Procore Technologies following earnings announcement.

• Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $68 to $90.
• BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $66 to $90.

Considering buying PCOR stock? Here’s what analysts think:

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