PROCORE TECHNOLOGIES, INC.
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Citizens has set a price target of $71.00 per share for Procore Technologies (NYSE: PCOR). This news comes after other brokerages recently updated their ratings and price targets for the construction management software company. Procore Technologies holds a consensus rating of "Moderate Buy" from analysts, with an average target price of $74.28.
Procore Technologies, Inc. has announced the appointment of Vishal Misra to its board of directors. Misra is a distinguished technology leader and academic, currently serving as the RKS family professor of Computer Science and vice dean of Computing and AI at Columbia University. He has also successfully founded several technology companies and holds degrees from IIT Bombay and the University of Massachusetts Amherst.
Shares of Procore Technologies (PCOR), DocuSign (DOCU), Qualys (QLYS), UiPath (PATH), and Freshworks (FRSH) rose in the afternoon session after President Trump indicated productive talks with Iran, easing Middle Eastern tensions. This geopolitical development, combined with investors buying the dip in high-quality SaaS stocks after a recent "SaaSpocalypse" correction, led to significant jumps in these companies' share prices. DocuSign, despite its recent volatility and a previous 18.7% drop due to underwhelming Q1 2025 results, saw its shares climb 3.3%, while other SaaS stocks experienced similar gains.
