Analysts Set Docebo Inc. (NASDAQ:DCBO) Target Price at $56.60

Shares of Docebo Inc. (NASDAQ:DCBO) have been given a consensus rating of “Buy” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $56.60.

DCBO has been the topic of a number of recent analyst reports. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Needham & Company LLC lifted their price target on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Craig Hallum boosted their price objective on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC bought a new position in shares of Docebo during the third quarter valued at approximately $3,907,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Docebo by 7.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after buying an additional 15,800 shares during the last quarter. Intact Investment Management Inc. bought a new position in Docebo during the 3rd quarter valued at approximately $3,319,000. Long Path Partners LP raised its stake in Docebo by 6.6% during the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after buying an additional 45,022 shares during the last quarter. Finally, Luxor Capital Group LP bought a new stake in Docebo in the third quarter worth $9,071,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Up 2.9 %

NASDAQ DCBO opened at $33.02 on Thursday. Docebo has a 1 year low of $27.61 and a 1 year high of $54.74. The stock has a market capitalization of $999.85 million, a PE ratio of 56.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $42.16 and its 200 day moving average is $44.64.

About Docebo

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.