Procore Technologies Stock To $41?
Procore Technologies (PCOR) stock has fallen by 11.9% in less than a month, from $62.10 on 4th May, 2026 to $54.69 now. What comes next? We think that the stock could fall even more. The current correction, when put in context of our Unattractive opinion of the stock, suggest possibility of further downside. A price of $41 is not out of question, especially considering that the stock has seen this level in the last 5 years. Read Buy or Sell Procore Technologies Stock to see how we arrive at this opinion.
So should you wait before buying this dip? Perhaps. There is no perfect way to time the dips. Nevertheless, here is another perspective on PCOR stock to help you make the decision. Historically, the median return for the 12-month period following sharp dips was 25%, with median peak return reaching 47%. We define sharp dip as stock going down 20% or more, in less than 30 day period.
Below, we get into details of historical dips and subsequent returns.
Historical Median Returns Post Dips
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| Period | Past Median Return |
|---|---|
| 1M | 3.3% |
| 3M | 12.8% |
| 6M | 13.7% |
| 12M | 25.1% |
Historical Dip-Wise Details
PCOR had 10 events since 5/20/2021 where the dip threshold of -20% within 30 days was triggered
- 47% median peak return within 1 year of dip event
- 192 days is the median time to peak return after a dip event
- -14% median max drawdown within 1 year of dip event
| 30 Day Dip | PCOR Subsequent Performance | |||||||
|---|---|---|---|---|---|---|---|---|
| Date | PCOR | SPY | 1Y | Peak Return |
Max Drop |
# Days to Peak |
||
| Median | 25% | 47% | -14% | 192 | ||||
| 1292026 | -22% | 2% | -4% | 9% | -17% | 95 | ||
| 3312025 | -25% | -8% | -13% | 21% | -27% | 221 | ||
| 9042024 | -20% | -1% | 25% | 58% | -5% | 167 | ||
| 11062023 | -21% | 1% | 41% | 62% | -2% | 141 | ||
| 4062023 | -20% | 3% | 46% | 52% | -8% | 355 | ||
| 12272022 | -20% | -4% | 49% | 61% | -8% | 216 | ||
| 9222022 | -22% | -11% | 26% | 47% | -15% | 312 | ||
| 5092022 | -20% | -12% | 25% | 47% | -12% | 290 | ||
| 1202022 | -26% | -5% | -15% | 8% | -38% | 26 | ||
| 12012021 | -21% | -0% | -34% | 13% | -48% | 7 | ||
1Y Refers to 1 year or time since recent dip, whichever is smaller
Procore Technologies Passes Basic Financial Quality Checks
Revenue growth, profitability, cash flow, and balance sheet strength need to be evaluated to reduce the risk of a dip being the sign of a deteriorating business situation.
| Quality Metrics | Value | Quality Check |
|---|---|---|
| Revenue Growth (LTM) | 14.8% | Pass |
| Revenue Growth (3-Yr Avg) | 22.7% | Pass |
| Operating Cash Flow Margin (LTM) | 22.7% | Pass |
| Leverage (see below) | – | Pass |
| => Interest Coverage Ratio | -80.5 | |
| => Cash To Interest Expense Ratio | 666.5 |
Not sure if you can take a call on PCOR stock? Consider portfolio approach
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