Procore Technologies, Inc. (PCOR) Stock Price & How to Invest

Procore Technologies runs a cloud-based platform that connects owners, general contractors, and specialty contractors across the construction project lifecycle, covering bidding, drawings, RFIs, submittals, scheduling, budgeting, quality, safety, and financials. The platform replaces spreadsheets and scattered email with a centralized system of record, and it is widely regarded as the enterprise standard for large, complex construction jobs. Revenue was roughly $1.42 billion over the trailing twelve months, and Q2 2026 revenue reached about $375 million, up around 16% year over year.

The investment picture centers on a durable vertical-SaaS leader that is now demonstrating profitability discipline. Non-GAAP operating margin reached roughly 17% in Q1 2026 with management guiding full-year margin toward 18% to 18.5%, gross retention held around 95%, and remaining performance obligations grew about 21% in that quarter. Q2 2026 added two firsts in a while: non-GAAP EPS of $0.47 beat the roughly $0.41 consensus, and the company reported GAAP net income of about $17 million after years of losses. Trailing free cash flow is about $305 million, and the balance sheet carries about $656 million of cash against roughly $68 million of debt.

The stock has been volatile. It closed near $56.41 on October 16, 2026, down about 19.5% year to date and about 20% over twelve months, but up about 27% over three months and 10% over the past month as software shares rebounded. Bulls point to a large underpenetrated market and an expanding AI product roadmap; skeptics focus on cyclicality, decelerating growth, and the multiple. Third-quarter results are scheduled for November 3, 2026, with consensus near $0.45 of EPS on about $384 million of revenue.

Procore's revenue is tied to construction activity, which is cyclical and sensitive to interest rates, credit conditions, and public and private project pipelines. Growth has decelerated into the mid-teens from historically faster rates, and the market has pressured the multiple, leaving little room for disappointment. GAAP profitability is new and thin (a roughly $17 million profit in Q2 2026 after a trailing-twelve-month net loss of about $39 million) because of heavy stock-based compensation, and AI compute costs create modest gross-margin headwinds. Competition from Autodesk Construction Cloud, Oracle, and lower-cost point tools is persistent. Timing risk in public-sector deals and integration risk from acquisitions add further uncertainty. Analysts expect Q3 2026 revenue growth of only about 8% on their estimates, so the November 3 report will test whether the deceleration is deepening. Insider share sales, such as a roughly $3.2 million sale disclosed in October 2026, also draw attention.

21 analysts publish price targets on PCOR, averaging $68.52 against a $56.98 price as of October 2026, or +20.3%. The published targets run from $55.00 to $88.00, a moderate spread, and the ratings split 18 buy, 6 hold, 0 sell. Over the last six months there have been 4 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full PCOR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Procore Technologies, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Category leadership in a digitizing industry. Procore is the enterprise standard for construction project management, an industry historically slow to adopt software. The most optimistic published target, $88.00, assumes this works close to its best case.

The case against. Procore's revenue is tied to construction activity, which is cyclical and sensitive to interest rates, credit conditions, and public and private project pipelines. The most pessimistic target, $55.00, is roughly what PCOR is worth if this bites instead.

Read the full bull and bear case on PCOR, including what would have to change to break either one. Walnut is not an investment adviser.

No. Procore Technologies, Inc. (PCOR) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Procore Technologies, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$1.42B
• Q2 2026 revenue: ~$375M (+16% YoY)
• Gross margin: ~80%
• Net income (TTM, GAAP): ~-$39M
• Free cash flow (TTM): ~$305M
• Forward P/E: ~24x
• Price-to-sales: ~6x
• Market cap: ~$8.6B

At about $56 a share Procore is valued near $8.6 billion, roughly 6x trailing revenue and about 24x analysts' forward EPS of around $2.37. Trailing GAAP results are still slightly negative, so investors lean on non-GAAP earnings and free cash flow, which runs near 28x on a market-cap basis. Analysts' mean target is about $68.50, and the stock remains about 30% below its 52-week high of roughly $82 despite a sharp three-month rebound.

Other names that sit close to PCOR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get PCOR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so PCOR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where PCOR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

PCOR is a category-leading construction SaaS name balancing durable mid-teens growth and improving margins against cyclicality and a rich valuation, so position sizing should reflect that trade-off.

Whether PCOR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is PCOR a buy or a sell?, and where the stock could go from here in the PCOR stock forecast.

For income investors, whether PCOR pays a dividend and how the payout looks is covered in does PCOR pay a dividend? And to weigh PCOR against a peer, read the full side-by-side comparisons: PCOR vs ROAD and PCOR vs ADSK.