Brokerages Set Docebo Inc. (NASDAQ:DCBO) Price Target at $57.36

Docebo Inc. (NASDAQ:DCBO) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $57.36.

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. Needham & Company LLC increased their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum increased their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. CIBC raised their price target on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th.

Hedge Funds Weigh In On Docebo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in Docebo in the third quarter valued at $35,000. Barclays PLC acquired a new position in shares of Docebo during the third quarter worth about $142,000. Point72 Asset Management L.P. acquired a new position in shares of Docebo during the second quarter worth about $189,000. Riverwater Partners LLC acquired a new position in shares of Docebo during the third quarter worth about $200,000. Finally, Pathway Financial Advisors LLC acquired a new position in shares of Docebo during the third quarter worth about $221,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of DCBO stock opened at $48.52 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $45.97 and its 200-day simple moving average is $41.55. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The company has a market cap of $1.47 billion, a PE ratio of 83.66 and a beta of 1.54.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.