KeyBanc Cut its Target Price on Procore Technologies (PCOR) to $80

Procore Technologies Inc. (NYSE:PCOR) is one of the 11 Best Beaten Down Growth Stocks to Buy Now. On February 6, KeyBanc cut its target price on Procore by 12.1% to $80 (from $91) but retained its Overweight call on the stock. The recent pullback in valuation multiples across the software industry, due to Wall Street’s jitters regarding the impact of generative AI, was the main catalyst for this cut in target price. KeyBanc cut its target price on Procore Technologies (PCOR) to $80 Kokliang/Shutterstock ...