Cormark Has Lowered Expectations for Docebo (TSE:DCBO) Stock Price

Docebo (TSE:DCBO) had its price target reduced by stock analysts at Cormark from C$60.00 to C$55.00 in a note issued to investors on Monday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 48.49% from the company’s current price.

Separately, ATB Capital upgraded shares of Docebo from a “sector perform” rating to an “outperform” rating in a report on Monday, March 3rd.

Docebo Price Performance

Shares of TSE DCBO opened at C$37.04 on Monday. The firm has a market capitalization of C$791.49 million, a P/E ratio of 44.03 and a beta of 1.36. Docebo has a one year low of C$35.75 and a one year high of C$75.08. The company’s fifty day moving average is C$42.04 and its two-hundred day moving average is C$56.05. The company has a debt-to-equity ratio of 4.50, a quick ratio of 3.25 and a current ratio of 1.13.

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.