Cantor Fitzgerald keeps Overweight on Procore and Bentley Systems

what happened

Cantor Fitzgerald analysts kept their Overweight rating on Procore Technologies and set a price target of $70 per share. That target implies an upside of 19.5% from the October 15 close of $58.60. The analyst note points to the company's strong position in construction management software and to expected revenue from the recently acquired DroneDeploy business.

For Bentley Systems, the analysts also reaffirmed Overweight and a $42 target. The implied upside is 15.9% from the October 15 close of $36.23. Cited drivers include the global civil infrastructure cycle, electric grid modernization and mining capital spending, along with a Rule of 40 score of 43% and net revenue retention of about 109%. The information comes from TradingView, citing Benzinga data.

why it matters

Both notes cover software companies serving construction and infrastructure, so they may matter to investors in these stocks and in the software sector. Ratings and price targets of this kind are routine analyst publications and do not change the broader market picture.

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