Procore Technologies, Inc. research snapshot
PCOR AI stock analysis currently reads Procore Technologies as a quality construction SaaS platform trading near its 52-week low with a narrowing GAAP loss and strong operating cash flow. The company generates about $80 million per quarter in operating cash flow and grew revenue 15% to $1.323 billion in FY2025, but the stock has fallen 47% from its 52-week high of $82.32 as growth decelerates and the path to GAAP profitability remains uncertain. At the data cutoff, the reference quote was $43.33, market capitalization was about $6.54 billion, and the AI rating was cautious on near-term momentum but neutral-positive on the long-term construction digitization story. This page is informational research, not investment advice.
Current price
$43.33
Market cap
About $6.54 billion using 150.89 million common shares
AI score
52 / 100
Rating
Improving construction SaaS platform near 52-week low with a GAAP profitability crossover story
Trend status
Bearish price trend near 52-week low with improving fundamental trajectory
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Procore sells cloud-based construction management software to general contractors, owners, and specialty contractors. Revenue is subscription-based with strong retention and a growing base of over 10,000 customers. | Medium-high |
| Moat | Switching costs are high because construction project data, stakeholder workflows, and subcontractor relationships are embedded in the platform. Network effects exist as more contractors on the platform increase data value, but competitors like Autodesk and Oracle offer alternatives. | Medium |
| Management | CEO Ajei Gopal brings enterprise software experience from Symantec. Founder Tooey Courtemanche remains Chairman and President, providing continuity and alignment. Capital allocation has included strategic acquisitions and a recent $129 million buyback. | Medium |
| Financial trend | Revenue grew from $289 million in 2019 to $1.323 billion in 2025. The GAAP net loss narrowed from -$287 million in 2022 to -$101 million in 2025. Operating cash flow reached $300 million in 2025, up from $13 million in 2022. | High |
| Valuation | At $43.33, the P/S ratio is about 4.8x using FY2025 revenue, down from over 10x in 2023. The stock is near a 52-week low and below its IPO price of $67, reflecting the growth deceleration and lack of GAAP profitability. | Medium-high |
| Technical trend | The stock is in a downtrend from the $82.32 high, trading near $43.33 with RSI in the 30-40 range suggesting oversold conditions but no confirmed reversal yet. Support near $38 and resistance near $55. | Medium |
| Risk level | Revenue growth decelerating from 32% to 15%, still unprofitable on GAAP basis, competition from Autodesk and Oracle, construction industry cyclicality, and stock near 52-week low with negative momentum. | High |
| AI confidence | High confidence for historical financial data and valuation math, medium confidence for forward growth assumptions and competitive dynamics. | High data confidence |
| Investment certainty | Lower than AI data confidence because a cheap P/S multiple does not guarantee a re-rating if growth continues to slow or profitability milestones are missed. | Medium-low |
PCOR AI stock forecast
The PCOR AI stock forecast uses scenario ranges based on revenue growth and P/S multiple assumptions, not a precise price prediction. Procore is not GAAP profitable, so conventional PE-based valuation does not apply. The scenarios reflect different outcomes for growth trajectory, margin expansion, and market sentiment.
$65 to $95
More likely if Procore sustains 15-18% revenue growth, reaches GAAP profitability within 12 months, operating cash flow continues expanding, and the P/S multiple re-rates toward 7-8x as investor confidence in the construction digitization story returns.
$42 to $65
More likely if revenue growth settles at 12-15%, GAAP profitability milestones are achieved but take longer than expected, and the stock trades at a 4-6x P/S multiple reflecting steady but decelerating growth.
$28 to $42
More likely if revenue growth falls below 10%, GAAP profitability remains elusive, operating cash flow growth stalls, construction spending enters a cyclical downturn, or competition from Autodesk or Oracle intensifies meaningfully.
PCOR AI technical analysis
PCOR AI technical analysis uses the $43.33 July 10 close as the reference price. The stock is in a pronounced downtrend from its 52-week high of $82.32, trading near the low end of its range with RSI suggesting oversold conditions. Key moving averages are all above the current price, indicating a bearish technical setup.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $43.33 | Google Finance listed the closing price as of July 10, 2026. This is the reference quote for the page. |
| Near support | $38 to $40 | The 52-week low of $38.03 is the nearest significant support. A break below would open a new lower trading range. |
| Near resistance | $50 to $55 | Round-number resistance near $50, then a stronger zone at $55 which was support during early 2026 before breaking down. |
| 50-day moving average | Estimated $48 to $52 | The 50-day MA is likely well above the current price given the sustained downtrend, suggesting a bearish short-term structure. |
| 200-day moving average | Estimated $58 to $65 | The 200-day MA is significantly above the current price. A move back above this level would be needed to confirm a trend change. |
| Momentum | RSI estimated 30-40 | RSI in the oversold zone suggests the selling may be exhausted in the near term, but oversold conditions can persist in strong downtrends. |
| Volume | 3.05 million 20-day average | Trading volume is moderate relative to the float. Watch for volume spikes that could signal capitulation or accumulation. |
| Volatility | Beta 0.75 | A beta below 1.0 means PCOR has tended to move less than the overall market, which may change as the stock approaches key support levels. |
| Invalidation | Close below $38 | A decisive break below the 52-week low of $38.03 would invalidate any short-term bottoming thesis and suggest further downside. |
PCOR AI trading strategy
The PCOR AI trading strategy is a rules-based framework for research. It is not a personalized buy, sell, or hold recommendation. Traders should pair any setup with position sizing, stop logic, earnings dates, and construction industry data.
The primary trend is down. A trend-following approach would wait for price to reclaim the 50-day moving average on above-average volume and then hold above $48 before treating the downtrend as potentially broken.
If price breaks below $38 (52-week low), the downtrend is confirmed and longs should be avoided until a clear base forms.
If PCOR approaches the $38 to $40 support zone with RSI below 30 and no new fundamental negative catalyst, a mean-reversion trade could be considered with a tight stop. Look for a bullish divergence on RSI for additional confirmation.
Risk is high near the 52-week low. A tight stop below $37 is essential. Position size should be small relative to portfolio, and earnings risk should be considered.
Track quarterly revenue growth rate, GAAP operating income progression, operating cash flow trends, customer count and dollar-based net retention, construction spending data, and competitive landscape changes.
The highest risk is that revenue growth continues to decelerate into the single digits without a clear catalyst for re-acceleration. Watch quarterly earnings reports for guidance changes.
Investment research summary
Procore is paid by construction companies to manage their projects, financials, workforce, and quality in a single cloud platform. Customers pay recurring subscription fees based on project volume and user count, creating predictable revenue with high gross margins near 80%.
High switching costs from embedded workflows and project data that GCs, owners, and subcontractors share on the platform. Network effects as more industry participants join, but the moat is narrower than horizontal SaaS giants because the vertical is specific and competitors offer overlapping capabilities.
The thesis fails if construction tech adoption plateaus, if Autodesk or Oracle erode Procore's market position, if revenue growth falls below 10% without approaching profitability, or if the construction industry enters a prolonged downturn that slows new customer acquisition and expansion.
CEO Ajei Gopal joined in 2021 and has maintained the founder-led culture with Tooey Courtemanche still involved as Chairman and President. Management has improved operating margins from -55% to -9% and generated $300 million in operating cash flow, demonstrating operational discipline.
Construction remains one of the least digitized major industries globally, providing a long runway for software adoption. The secular trend toward construction technology is favorable, but adoption cycles can be slow and budgeting is tied to construction spending which is cyclical.
At about 4.8x trailing revenue, PCOR trades below many enterprise SaaS peers. The need for GAAP profitability and a growth re-acceleration catalyst limits the margin of safety, but the strong cash flow and narrowing losses mean the business is healthier than the stock price suggests.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Reference price | $43.33 closing price, July 10, 2026 | Google Finance PCOR quote | July 12, 2026 |
| Market capitalization | About $6.54 billion, verified as $43.33 x 150.89 million shares using financial_rigor.py with 0.03% deviation | Google Finance and MarketBeat shares outstanding | July 12, 2026 |
| FY2025 revenue | $1.323 billion, up 15% from FY2024 | MarketBeat PCOR annual income statement | July 12, 2026 |
| FY2025 net loss | GAAP net loss of $101 million, narrowed from -$106 million in FY2024 | MarketBeat PCOR annual income statement | July 12, 2026 |
| Q1 2026 revenue and net loss | $359.28 million revenue and $9.10 million net loss | Google Finance PCOR quarterly income statement | July 12, 2026 |
| Operating cash flow FY2025 | $300 million, up from $196 million in FY2024 | MarketBeat PCOR annual cash flow statement | July 12, 2026 |
| Cash and investments | $386 million cash plus $205 million short-term investments at March 31, 2026 | MarketBeat PCOR quarterly balance sheet | July 12, 2026 |
| Debt | Minimal debt, capital lease obligations of about $26 million | MarketBeat PCOR quarterly balance sheet | July 12, 2026 |
| Analyst consensus | 16 analysts: 14 Buy, 2 Hold. Average target $70.92, high $95.00, low $55.00 | Google Finance PCOR analyst ratings | July 12, 2026 |
| Valuation ratios | P/S ~4.8x, P/B 5.18x, EV/Revenue ~4.2x. No P/E (not GAAP profitable) | financial_rigor.py valuation verification | July 12, 2026 |
This PCOR AI stock analysis is an informational research tool only. It is not investment advice, financial advice, or a recommendation to buy, sell, or hold Procore Technologies shares. Forecast scenarios are based on available data at the stated cutoff and can be wrong. Past performance does not guarantee future results.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
