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PCOR

ProcoreD
NYSE / Software & Services
Last Price
Quote time unavailable
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Current thesis
Q2 revenue increased 16% to $375 million while Procore achieved GAAP operating profitability, a 21% non-GAAP operating margin and $65 million of free cash inflow. A 95% gross revenue-retention rate, 14% growth in organic customers above $100,000 of ARR, AI product expansion and the DroneDeploy platform extension support a durable profitable-growth case.
Posture
Defensive
Lead driver
Value
What changed
1 setup hits (3d) with net bullish as of 2026-10-23.
What can break
Construction-sector cyclicality could pressure customer expansion, project activity and retention.
Momentum
72
Value
48
Sentiment
45
Setup hits (3d)
1 · Net Bullish
AI TargetsBase $59.00 · Bull $68.00 · Bear $42.00Analysis 2026-09-20; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-20 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Bullish
Target $68.52
Why
Momentum72 · Δ7d +18.7
Value48 · Δ7d -0.2
Sentiment45 · Δ7d -9.2
So what
Weak posture (Net Bullish). Prioritize risk control and patience.

Confirming evidence

  • • 1 setup hits (3d) with net bullish as of 2026-10-23.
  • • Value remains the lead driver in the composite, 7D delta -0.2.

Contradictions & invalidation

  • • Construction-sector cyclicality could pressure customer expansion, project activity and retention.
  • • DroneDeploy integration may distract management, raise costs or fail to generate adequate returns on the approximately $845 million cash consideration.
  • • Q3 guidance implies growth slowing to roughly 13.3%, the FY2027 margin target is non-GAAP and execution-dependent, and the $845 million cash acquisition introduces integration and return-on-capital risk.

Catalyst clock

2026-12-19

Q3 revenue and margin execution

Lead driver: Value · See fundamentals
Momentum
72
8% active weight
Current posture
7d trendImproving
Δ7d
+18.7
Δ21d
+45.3
Value
48
47% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
-0.8
Sentiment
45
45% active weight
Current posture
7d trendSoftening
Δ7d
-9.2
Δ21d
-33.8
Why this grade

Composite grade D. Momentum 71.8 / Value 48.1 / Sentiment 45.1

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-20. Scenario method

B+
Bull case
25%
Probability
Target price
$68.00
Analysis reference price unavailable
Analysis 2026-09-20 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$59.00
Analysis reference price unavailable
Analysis 2026-09-20 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$42.00
Analysis reference price unavailable
Analysis 2026-09-20 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$9.57B
Beta
0.90
Shares Out
151.96M
P/E (TTM) · Derived
-93.9
P/S (TTM)
8.89
P/FCF (TTM)
93.02
Rev YoY
+15.8%
EPS YoY
-178.6%
Gross Margin
+79.4%
Op Margin
-3.6%
Net Debt
-$689.28M
Current Ratio
1.17
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data