KeyBanc Cut its Target Price on Procore Technologies (PCOR) to $80

Procore Technologies Inc. (NYSE:PCOR) is 1 of the 11 Best Beaten Down Growth Stocks to Buy Now.

On February 6, KeyBanc chopped its people terms connected Procore by 12.1% to $80 (from $91) but retained its Overweight telephone connected the stock. The caller pullback successful valuation multiples crossed the bundle industry, owed to Wall Street’s jitters regarding the interaction of generative AI, was the main catalyst for this chopped successful people price.

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The firm, however, sees the company’s upcoming Q4-2025 results, which volition beryllium released connected February 12, arsenic a imaginable catalyst for Procore’s stock. KeyBank expects Procore’s gross and existent remaining show work (cRPO) successful Q4 to bushed thoroughfare estimates, with normalized maturation rates astatine astir the mid-teens. TD Cowen and UBS shared this sentiment regarding a imaginable gross bushed successful their ain probe notes.

A 2nd cardinal point that KeyBank expects to perceive much astir during the upcoming net telephone is the company’s caller acquisition of Data Grid. Last January 20, Procore announced that it had acquired Datagrid. Steve Davis, Procore’s President of Product and Technology, had this to accidental astir the deal:

”The operation of Datagrid and Procore is transformative. Together, we’re providing 1 of the broadest AI portfolios successful construction. By integrating Datagrid’s AI and heavy hunt capabilities, we volition alteration customers to span the gaps betwixt siloed information and initiate actions crossed their full ecosystem. This connectivity unlocks the existent worth of operation data, allowing our customers to innovate faster and absorption connected gathering the satellite astir us.”

As of today, however, the nonstop fiscal presumption of the woody person not yet been disclosed.

Procore Technologies Inc. (NYSE:PCOR) is simply a cloud-based supplier of operation absorption software. The institution is based successful Carpinteria, California, and was founded successful 2002 by Craig F., Courtemanche Jr., and Steven C. Zahm.

While we admit the imaginable of Procore Technologies Inc. (NYSE:PCOR) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.