Analysts Set Docebo Inc. (NASDAQ:DCBO) PT at $57.36

Shares of Docebo Inc. (NASDAQ:DCBO) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $57.36.

A number of analysts have commented on DCBO shares. Craig Hallum raised their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. CIBC raised their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Atb Cap Markets downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank raised their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th.

Institutional Investors Weigh In On Docebo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in Docebo during the 3rd quarter valued at $35,000. Barclays PLC acquired a new stake in Docebo during the 3rd quarter valued at $142,000. Riverwater Partners LLC acquired a new stake in Docebo during the 3rd quarter valued at $200,000. Point72 Asset Management L.P. acquired a new stake in Docebo during the 2nd quarter valued at $189,000. Finally, Pathway Financial Advisors LLC acquired a new stake in Docebo during the 3rd quarter valued at $221,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Price Performance

Shares of DCBO stock opened at $49.52 on Friday. The stock has a 50 day moving average of $47.85 and a two-hundred day moving average of $42.91. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 12 month low of $33.81 and a 12 month high of $56.41. The company has a market capitalization of $1.50 billion, a P/E ratio of 85.38 and a beta of 1.55.

About Docebo

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.