Procore Technologies Inc (PCOR)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
$61.12-1.50%
Close 2026-10-29 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
Research Workspace
Put PCOR beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisRevenue is growing steadily — about 15% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 43% growth a year, above the roughly 18% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskProcore's platform innovation, including AI capabilities, must support continued growth despite recent revenue growth slowing. Q2 FY2026 revenue grew 16% year over year, and non-GAAP EPS beat consensus. PCOR trades at 67× P/E versus a 30× peer median, while its own historical multiple is 57×. The market is pricing in more growth than our forecast. Our model puts the next-quarter miss probability near 23%. Management is running behind on a stated commitment. Peer multiples imply a price about 43% below where it trades. The thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-29. PCOR is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 24 analysts currently covering PCOR (as of Oct 2026).
Based on 8 Wall Street analysts offering 12-month price targets for PCOR in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| PCOR Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put PCOR next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand AI capabilities and platform innovation
Official IBM collaboration supports platform innovation, though no scale, customer impact, or financial contribution is specified.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $61.12
The last 12 months of price, then the range of analyst 12-month targets from today’s $61.12.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Maintain free cash flow margin at approximately 19%
Large convertible financing affects capital structure, but headline gives no terms or use of proceeds.
Advances: Improve non-GAAP operating margin to 18.5%-19%
Positive margin outlook supports operating margin objective.
Advances: Improve non-GAAP operating margin to 18.5%-19%
First GAAP profit and 25% margin target materially strengthen margin-execution case.
Threatens: Achieve 13.6% revenue growth in 2026
Revenue beat but slowing growth expectations could hinder objectives.
Threatens: Achieve 13.6% revenue growth in 2026
AI disruption concerns may hinder revenue growth.
Advances: Expand AI capabilities and platform innovation
Company rollout expands connected platform capabilities, supporting product-innovation objective.