Docebo (TSE:DCBO) Price Target Raised to C$44.00 at ATB Cormark Capital Markets

Docebo (TSE:DCBO) had its price target increased by stock analysts at ATB Cormark Capital Markets from C$35.00 to C$44.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 34.11% from the company’s current price.

Docebo Stock Performance

Shares of DCBO traded up C$1.72 during trading hours on Monday, reaching C$32.81. 93,775 shares of the company traded hands, compared to its average volume of 111,006. Docebo has a 12-month low of C$19.87 and a 12-month high of C$45.24. The stock has a market capitalization of C$832.82 million, a P/E ratio of 28.04 and a beta of -0.02. The company has a quick ratio of 3.25, a current ratio of 0.79 and a debt-to-equity ratio of -13,603.61. The business has a fifty day moving average price of C$26.28 and a 200-day moving average price of C$25.42.

Docebo (TSE:DCBO) last released its earnings results on Friday, August 7th. The company reported C$0.50 EPS for the quarter. The firm had revenue of C$97.54 million during the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%. Equities analysts anticipate that Docebo will post 1.6842684 EPS for the current fiscal year.

Docebo Company Profile

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.