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PCOR · Analysis updated Nov 5, 2026, 7:11 AM ET
Why is Procore Technologies, Inc. (PCOR) stock moving?
Procore Technologies delivered a stellar Q3 2026 performance that triggered an immediate, high-volume re-rating. On November 4, 2026, PCOR jumped 19.7% from $63.17 to close at $75.60 on 97,446 trades, shattering its prior multi-week consolidation range between $56 and $63. The rally was propelled by top- and bottom-line beats (Q3 revenue of $402.3M vs. $384.1M expected, up 18.7% YoY, and adjusted EPS of $0.51 vs. $0.45 expected), alongside a full-year guidance increase to $1.557B–$1.559B. In addition, management announced a new $300 million share buyback authorization, operating margin expansion to 23.5%, and strong progress in integrating DroneDeploy and AI digital coworkers. Wall Street responded with widespread target upgrades up to $90, confirming strong institutional sponsorship.
News behind the analysis
- Procore Announces Third Quarter 2026 Financial ResultsProcore reported Q3 revenue of $402 million (up 19% YoY) and non-GAAP operating margin of 23%, raising full-year revenue and operating margin guidance.
- Procore Technologies Beats Q3 Earnings and Revenue EstimatesProcore delivered Q3 adjusted EPS of $0.51, beating consensus estimates of $0.45 by 13.3%, alongside revenue outperformance.
- Procore Technologies Jumps 13.5% on Strong Q3 Results and $300M BuybackPCOR surged following Q3 results, strong Q4 outlook of $421M at midpoint, and board approval of a new $300 million share repurchase authorization.
- Procore Technologies Q3 2026 Earnings: Growth Accelerates as Margins ExpandProcore achieved strong top-line momentum with $100k+ ARR customers growing 14% to 2,968 and gross retention holding firm at 95%.
- Procore Reports Strong Q3 2026 Revenue Growth, Raises Full-Year GuidanceProcore generated $73 million in quarterly free cash flow, lifted full-year revenue outlook to $1.557B–$1.559B, and reiterated long-term 25% margin target.
- Procore Technologies Director Kevin J. O'Connor Sells Shares Under 10b5-1 PlanDirector Kevin J. O'Connor sold 15,384 shares across Nov 2-3 under a pre-established plan, while analysts at BTIG and Stifel lifted price targets up to $90.
- Piper Sandler and Wall Street Boost Targets After PCOR Earnings BeatPiper Sandler raised PCOR's target to $90 while JPMorgan moved its target to $74 following broad beats across revenue, earnings, and guidance.
- PCOR Stock Surges Over 19% Following Q3 Beat-and-Raise and AI StrategyPCOR shares staged an aggressive range breakout on heavy volume, buoyed by organic acceleration, AI product rollouts, and DroneDeploy contribution.
In the Daily Standout
- November 4, 2026: on the shortlist +19.66%