Procore Technologies: Buy Rating Affirmed Amid Strategic Leadership and Growth Potential
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Analyst Daniel Jester from BMO Capital reaffirmed a Buy rating for Procore Technologies with a $87.00 price target, citing strong leadership under new CEO Ajei Gopal and growth potential in the construction industry. The strategic focus on enhancing platform capabilities and leveraging AI is expected to solidify Procore's market leadership. The company is poised for growth with potential benefits from lower interest rates and improved execution. Jester, a 4-star analyst, has an average return of 6.0% and a 54.98% success rate.
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