Added to YB: 2024-10-31
Pitch date: 2024-10-31
PCOR [bullish]
Procore Technologies, Inc.
+12.65%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
Procore Technologies, Inc., together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the United States and internationally.
Market Cap
$11.7B
Pitch Price
$66.09
Price Target
90.00 (+21%)
Dividend
N/A
EV/EBITDA
-219.78
P/E
-89.85
EV/Sales
8.66
Sector
Software
Category
growth
Procore’s (PCOR) 2025 Strategy: Can New Sales Hires Spark Growth in a Weak Market?
PCOR: Q3 rev $296M +19.4% YoY, slowing growth amid tough construction market. Sales reorganization underway, hiring 200 reps. 2025 guidance conservative at 11% growth. Bull case: SaaS leader, payments potential, AI upsell. Bear case: TAM issues, slow intl growth. Upside 43% to 8x 2026 rev, downside -21% to 5x 2025 rev.
Read full article (4 min)