Brokerages Set Docebo Inc. (NASDAQ:DCBO) Target Price at $57.36

Docebo Inc. (NASDAQ:DCBO) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $57.36.

A number of research analysts have commented on the company. Needham & Company LLC boosted their target price on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Atb Cap Markets downgraded Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank lifted their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Craig Hallum increased their price target on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, CIBC lifted their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th.

Docebo Trading Down 2.5 %

Docebo stock opened at $42.22 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 12 month low of $33.81 and a 12 month high of $56.41. The company’s fifty day simple moving average is $47.76 and its 200-day simple moving average is $43.90. The stock has a market cap of $1.28 billion, a P/E ratio of 72.79 and a beta of 1.56.

Hedge Funds Weigh In On Docebo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Plato Investment Management Ltd bought a new stake in Docebo during the 3rd quarter worth approximately $35,000. Barclays PLC acquired a new position in Docebo during the 3rd quarter worth about $142,000. Riverwater Partners LLC bought a new stake in Docebo during the 3rd quarter worth about $200,000. Point72 Asset Management L.P. acquired a new stake in Docebo in the 2nd quarter valued at about $189,000. Finally, Pathway Financial Advisors LLC bought a new stake in shares of Docebo during the third quarter valued at approximately $221,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Company Profile

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.