Docebo (TSE:DCBO) Price Target Increased to C$70.00 by Analysts at National Bank Financial

Docebo (TSE:DCBO) had its price objective lifted by equities research analysts at National Bank Financial to C$70.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential downside of 11.35% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on DCBO. National Bankshares upped their price objective on shares of Docebo from C$63.80 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday. ATB Capital upped their price objective on shares of Docebo from C$85.00 to C$95.00 and gave the company a “na” rating in a research report on Friday, May 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Docebo presently has a consensus rating of “Buy” and an average price target of C$76.09.

TSE:DCBO traded down C$0.95 on Thursday, reaching C$78.96. The stock had a trading volume of 61,228 shares, compared to its average volume of 93,742. The company has a current ratio of 4.83, a quick ratio of 4.66 and a debt-to-equity ratio of 1.96. The stock’s 50-day moving average price is C$68.61. The company has a market cap of C$2.58 billion and a PE ratio of -133.20. Docebo has a 12-month low of C$34.50 and a 12-month high of C$86.64.

About Docebo

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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