Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Consensus Target Price from Analysts

Docebo Inc. (NASDAQ:DCBO) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $57.36.

Several research firms have recently commented on DCBO. Craig Hallum lifted their target price on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC lifted 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. Scotiabank lifted their target price on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. CIBC lifted their target price on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th.

Docebo Stock Down 1.5 %

NASDAQ DCBO opened at $49.52 on Friday. The stock has a fifty day moving average of $47.85 and a 200-day moving average of $42.91. The stock has a market capitalization of $1.50 billion, a P/E ratio of 85.38 and a beta of 1.55. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new position in Docebo during the third quarter worth about $35,000. Barclays PLC bought a new position in Docebo during the third quarter worth about $142,000. Riverwater Partners LLC bought a new position in Docebo during the third quarter worth about $200,000. Point72 Asset Management L.P. bought a new stake in shares of Docebo in the second quarter valued at about $189,000. Finally, Pathway Financial Advisors LLC bought a new stake in shares of Docebo in the third quarter valued at about $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.