Analysts Set Docebo Inc. (NASDAQ:DCBO) Price Target at $56.60

Docebo Inc. (NASDAQ:DCBO) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $56.60.

A number of brokerages have weighed in on DCBO. Needham & Company LLC raised their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Craig Hallum boosted their price objective on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd acquired a new stake in shares of Docebo in the 3rd quarter worth about $35,000. Quantbot Technologies LP acquired a new stake in shares of Docebo in the fourth quarter valued at approximately $132,000. Tower Research Capital LLC TRC increased its stake in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after purchasing an additional 949 shares during the period. Barclays PLC bought a new stake in shares of Docebo during the third quarter valued at approximately $142,000. Finally, Deutsche Bank AG acquired a new position in shares of Docebo during the fourth quarter worth approximately $242,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Docebo stock opened at $32.09 on Thursday. Docebo has a 12-month low of $27.61 and a 12-month high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $971.69 million, a price-to-earnings ratio of 55.33 and a beta of 1.55. The firm’s fifty day moving average price is $42.42 and its 200 day moving average price is $44.68.

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.