Docebo (NASDAQ:DCBO) Price Target Raised to $60.00

by · The Cerbat Gem

Docebo (NASDAQ:DCBO – Free Report) had its price objective lifted by Needham & Company LLC from $50.00 to $60.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC boosted their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank upped their price target on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $57.00.

View Our Latest Stock Analysis on Docebo

Docebo Stock Performance

Docebo stock opened at $51.45 on Friday. The company has a market capitalization of $1.56 billion, a PE ratio of 88.71 and a beta of 1.54. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $44.81 and a 200-day moving average price of $41.30.

Docebo (NASDAQ:DCBO – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. As a group, equities analysts forecast that Docebo will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. boosted its holdings in Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock valued at $36,129,000 after purchasing an additional 119,434 shares during the last quarter. Long Path Partners LP boosted its holdings in Docebo by 73.0% in the second quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after purchasing an additional 289,524 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Docebo by 36.9% in the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock valued at $17,233,000 after purchasing an additional 120,396 shares during the last quarter. Bank of Montreal Can boosted its holdings in Docebo by 23.1% in the second quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after purchasing an additional 69,787 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company’s stock worth $10,202,000 after acquiring an additional 41,965 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile

(Get Free Report)

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.

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