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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.

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The firm, however, sees the company’s upcoming Q4-2025 results, which will be released on February 12, as a potential catalyst for Procore’s stock. KeyBank expects Procore’s revenue and current remaining performance obligation (cRPO) in Q4 to beat street estimates, with normalized growth rates at around the mid-teens. TD Cowen and UBS shared this sentiment regarding a potential revenue beat in their own research notes.

A second key item that KeyBank expects to hear more about during the upcoming earnings call is the company’s recent acquisition of Data Grid. Last January 20, Procore announced that it had acquired Datagrid. Steve Davis, Procore’s President of Product and Technology, had this to say about the deal:

”The combination of Datagrid and Procore is transformative. Together, we’re providing one of the broadest AI portfolios in construction. By integrating Datagrid’s AI and deep search capabilities, we will enable customers to bridge the gaps between siloed data and initiate actions across their entire ecosystem. This connectivity unlocks the true value of construction data, allowing our customers to innovate faster and focus on building the world around us.”

As of today, however, the exact financial terms of the deal have not yet been disclosed.

Procore Technologies Inc. (NYSE:PCOR) is a cloud-based provider of construction management software. The company is based in Carpinteria, California, and was founded in 2002 by Craig F., Courtemanche Jr., and Steven C. Zahm.

While we acknowledge the risk and potential of Procore Technologies Inc. (NYSE:PCOR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PCOR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Cheap Stocks to Buy Right Now and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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