Craig Hallum Raises Docebo (NASDAQ:DCBO) Price Target to $62.00

Docebo (NASDAQ:DCBO) had its target price raised by Craig Hallum from $58.00 to $62.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on DCBO. Needham & Company LLC raised their price objective on shares of 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 price target on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Finally, CIBC boosted their price target on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.36.

Docebo Price Performance

Docebo stock opened at $47.46 on Monday. The company has a market cap of $1.43 billion, a P/E ratio of 85.93 and a beta of 1.54. Docebo has a one year low of $33.81 and a one year high of $56.41. The business has a fifty day moving average of $45.24 and a two-hundred day moving average of $41.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.13.

Institutional Trading of Docebo

Large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new position in Docebo in the 3rd quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new position in shares of Docebo in the second quarter valued at approximately $189,000. Riverwater Partners LLC purchased a new position in shares of Docebo during the third quarter valued at approximately $200,000. Pathway Financial Advisors LLC acquired a new stake in Docebo during the third quarter worth approximately $221,000. Finally, XTX Topco Ltd purchased a new stake in Docebo in the 2nd quarter worth approximately $264,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.