Procore: A Fintech-Infused Growth Story [Seeking Alpha]
Procore Technologies, Inc. (PCOR)
Company Research
Source: Seeking Alpha
Procore's fintech initiatives, including Procore Pay, present a significant opportunity to enhance shareholder value by addressing payment delays and streamlining processes within the construction industry. Procore Pay has the potential to generate over $1 billion in revenue by 2028. Key risks include ongoing macro pressures and heightened competition. Investment Thesis I believe Procore ( NYSE: PCOR ) presents a compelling investment opportunity, as it is well positioned to capture market share in an under-digitized industry. Procore's product portfolio addresses pain points in the construction industry, reduces rework costs, and enhances productivity. Especially Procore's fintech layer, mainly Procore Pay, has the potential to become a significant revenue contributor and drive shareholder value. My reverse DCF model suggests that the stock is reasonably valued at current levels; however, I see a slight upside to revenue estimates. Key risks include ongoing credit tightening
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PCOR
News
- KPA Flex Software Enhances Construction Safety and Compliance with Advanced Features [Yahoo! Finance]Yahoo! Finance
- Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in Procore Technologies (PCOR) [Yahoo! Finance]Yahoo! Finance
- What To Expect From Toast's (TOST) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Olo (OLO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
- Baron Funds - Procore Technologies: Large And Growing TAM Provides A Long Runway [Seeking Alpha]Seeking Alpha
PCOR
Earnings
- 5/1/24 - Beat
PCOR
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- PCOR's page on the SEC website