Morgan Stanley Cuts Docebo (NASDAQ:DCBO) Price Target to $65.00

Docebo (NASDAQ:DCBOFree Report) had its price target decreased by Morgan Stanley from $67.00 to $65.00 in a research note issued to investors on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. Canaccord Genuity Group lifted their price target on Docebo from $50.00 to $65.00 and gave the stock a buy rating in a report on Monday, February 26th. TheStreet upgraded Docebo from a d+ rating to a c- rating in a report on Monday, March 18th. Stifel Nicolaus lifted their price target on Docebo from $60.00 to $70.00 and gave the stock a buy rating in a report on Monday, February 26th. Scotiabank boosted their target price on Docebo from $60.00 to $65.00 and gave the company a sector outperform rating in a research note on Monday, February 26th. Finally, Eight Capital lowered their target price on Docebo from $75.00 to $65.00 and set a buy rating on the stock in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $61.40.

Check Out Our Latest Stock Analysis on DCBO

Docebo Stock Up 0.1 %

DCBO stock opened at $44.49 on Friday. Docebo has a twelve month low of $29.40 and a twelve month high of $56.41. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $49.08 and its 200-day moving average is $46.49. The firm has a market capitalization of $1.35 billion, a PE ratio of 494.39 and a beta of 1.64.

Docebo (NASDAQ:DCBOGet Free Report) last posted its earnings results on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%. Sell-side analysts expect that Docebo will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Docebo

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Docebo during the first quarter worth about $295,000. BlackRock Inc. grew its position in Docebo by 46.9% during the first quarter. BlackRock Inc. now owns 233,933 shares of the company’s stock worth $12,123,000 after buying an additional 74,702 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Docebo by 155.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,733 shares of the company’s stock worth $2,467,000 after buying an additional 29,046 shares in the last quarter. Sei Investments Co. grew its position in Docebo by 9.1% during the first quarter. Sei Investments Co. now owns 7,350 shares of the company’s stock worth $419,000 after buying an additional 612 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Docebo by 51.4% during the first quarter. Mackenzie Financial Corp now owns 6,958 shares of the company’s stock worth $360,000 after buying an additional 2,363 shares in the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Company Profile

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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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Analyst Recommendations for Docebo (NASDAQ:DCBO)

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