Docebo (TSE:DCBO) Lowered to Sector Perform Rating by ATB Capital

Docebo (TSE:DCBO) was downgraded by equities research analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$45.00 target price on the stock, down from their previous target price of C$75.00. ATB Capital’s target price indicates a potential upside of 21.49% from the company’s current price.

Separately, Cormark lowered their target price on Docebo from C$60.00 to C$55.00 in a research note on Monday.

Docebo Stock Performance

DCBO opened at C$37.04 on Monday. Docebo has a 12-month low of C$35.75 and a 12-month high of C$75.08. The stock has a market cap of C$791.49 million, a price-to-earnings ratio of 44.03 and a beta of 1.36. The business has a 50 day moving average of C$42.04 and a 200-day moving average of C$56.05. The company has a quick ratio of 3.25, a current ratio of 1.13 and a debt-to-equity ratio of 4.50.

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.