Brokerages Set Docebo Inc. (NASDAQ:DCBO) Target Price at $33.64

Docebo Inc. (NASDAQ:DCBO) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $33.6364.

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group cut their target price on Docebo from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Morgan Stanley lowered their price objective on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Docebo in a research note on Thursday, January 29th. Cantor Fitzgerald reduced their price objective on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Finally, TD Securities raised shares of Docebo to a “strong-buy” rating in a research report on Thursday, January 15th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Northwest & Ethical Investments L.P. bought a new position in Docebo during the 4th quarter valued at $27,000. Employees Retirement System of Texas purchased a new stake in shares of Docebo in the second quarter valued at about $44,000. State of Wyoming bought a new position in shares of Docebo during the fourth quarter valued at about $72,000. Deutsche Bank AG lifted its position in shares of Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after purchasing an additional 1,805 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of Docebo stock opened at $16.20 on Thursday. The business has a 50-day simple moving average of $20.50 and a 200 day simple moving average of $24.77. Docebo has a one year low of $16.07 and a one year high of $42.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $465.75 million, a price-to-earnings ratio of 21.89 and a beta of 1.40.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.