Docebo (NASDAQ:DCBO) Raised to Buy at Wall Street Zen

Docebo (NASDAQ:DCBO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other brokerages have also commented on DCBO. Cantor Fitzgerald dropped their price target on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Oppenheimer reissued an “outperform” rating and set a $25.00 price objective on shares of Docebo in a research note on Thursday, January 29th. Needham & Company LLC dropped their price objective on Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a report on Friday. Scotiabank reduced their target price on Docebo from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Friday, January 30th. Finally, ATB Cormark Capital Markets upgraded shares of Docebo to an “outperform” rating in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Docebo Trading Down 3.0%

NASDAQ DCBO opened at $17.38 on Friday. Docebo has a 12 month low of $16.07 and a 12 month high of $35.54. The company has a 50-day moving average of $19.81 and a 200-day moving average of $24.06. 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 company has a market cap of $499.85 million, a P/E ratio of 13.69 and a beta of 1.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Long Path Partners LP grew its stake in Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after purchasing an additional 275,176 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Docebo by 0.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after buying an additional 2,112 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Docebo by 3.8% during the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after buying an additional 16,432 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Docebo by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock worth $9,715,000 after buying an additional 5,169 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Docebo by 21.6% in the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after buying an additional 70,827 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Key Docebo News

Here are the key news stories impacting Docebo this week:

• Positive Sentiment: Q4 results beat consensus — revenue (~$62.8M) and EPS topped estimates, and management said Q4 included the strongest gross bookings since 2021 and improved adjusted EBITDA margins; these operational beats support longer‑term growth expectations. Read More.
• Positive Sentiment: Earnings call highlighted continued demand and strategic integration (AI and platform initiatives), reinforcing management’s narrative that product momentum and cross‑sell are driving bookings strength. Read More.
• Neutral Sentiment: Q1 2026 revenue guidance was given at $63.5M–$63.7M, roughly in line with consensus (~$63.4M); the narrow beat offers limited upside and management’s EPS guidance detail was minimal in the notice, leaving investors to parse qualitative commentary for forward conviction.
• Neutral Sentiment: Post‑report analysis focused on key metric comparisons (margin, bookings, ROE), which help contextualize the beat but don’t dramatically change near‑term estimates; watch renewal and ARR/bookings cadence in the next quarters. Read More.
• Negative Sentiment: Needham lowered its price target from $38 to $31 (still a Buy rating), which trims the near‑term upside narrative and likely pressured the stock despite the beat — analyst downgrades/cuts to price targets often trigger selling by momentum and quant funds. Read More.

About Docebo

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.