Mizuho starts coverage on Procore Tech with 'buy' on growth prospects

Procore Technologies

29/03/2022 12:32

** Mizuho starts coverage on construction software firm
 PCOR.N  with "buy" rating and PT of $75, implying an upside of
~27% from last close  
    ** Brokerage says market size and low digital penetration,
offer a favorable opportunity to PCOR
    ** Considers PCOR's current valuation attractive for
investors, particularly following a ~27% pullback YTD
    ** Avg. rating of 12 analysts covering PCOR is "BUY"; median
PT is $87.5 - Refinitiv data
    **  Analysts' median price target on the stock has fallen
20.5% in the last 30 days
    ** Up to Monday's close, stock had fallen ~27% YTD; shares
up 0.44% at $59.1 premarket 

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))