Docebo (NASDAQ:DCBO) Raised to “Buy” at Wall Street Zen

Docebo (NASDAQ:DCBO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Oppenheimer upped their price target on shares of Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. Needham & Company LLC increased their price objective on shares of Docebo from $31.00 to $42.00 and gave the company a “buy” rating in a research note on Friday. ATB Cormark Capital Markets cut their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. National Bank Financial raised their price objective on Docebo from $24.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings raised shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Docebo Price Performance

Shares of DCBO opened at $28.97 on Friday. The business’s 50 day moving average is $26.09 and its two-hundred day moving average is $20.68. Docebo has a 52-week low of $14.39 and a 52-week high of $31.94. The firm has a market cap of $723.55 million, a price-to-earnings ratio of 22.28 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last released its earnings results on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Docebo had a return on equity of 161.21% and a net margin of 13.79%. The company had revenue of $70.33 million during the quarter, compared to analysts’ expectations of $68.47 million. On average, equities analysts expect that Docebo will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP bought a new position in Docebo in the 2nd quarter worth about $52,000. NewEdge Advisors LLC increased its stake in shares of Docebo by 1,101.5% in the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after purchasing an additional 3,646 shares during the period. State of Wyoming acquired a new stake in shares of Docebo in the second quarter valued at approximately $137,000. K2 Principal Fund L.P. acquired a new stake in shares of Docebo in the second quarter valued at approximately $303,000. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Docebo by 38.6% during the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after buying an additional 5,900 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Key Docebo News

Here are the key news stories impacting Docebo this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.55 per share, ahead of the cited $0.53 consensus, while revenue of $70.3 million exceeded the $69.6 million estimate. Revenue grew 14% year over year, and profit also increased. Docebo Q3 earnings and revenues surpass estimates
• Positive Sentiment: Docebo’s 2026 revenue guidance of $276.7 million is above the $275.5 million consensus. Fourth-quarter guidance of $71.9 million–$72.1 million also tops the $71.6 million estimate.
• Positive Sentiment: Needham raised its price target to $42 from $31 and reiterated a Buy rating, implying roughly 45% upside from the cited $28.97 share price.
• Positive Sentiment: The board declared a one-time special cash dividend of approximately $2.42 per share, totaling about $60 million, payable November 30. This is a special distribution, not an indication of a recurring dividend. Docebo announces US$60 million special dividend
• Negative Sentiment: Despite the upbeat results and announcements, DCBO traded lower in Friday’s session. The provided reports do not identify a specific negative catalyst for the decline.

About Docebo

Docebo Inc develops learning management and learning technology solutions for businesses and other organizations. Its cloud-based platform is designed to help companies create, manage, deliver and measure training for employees, customers, partners and other learners.

The Docebo Learning Platform includes tools for course administration, content delivery, artificial intelligence-supported learning, reporting and analytics, and integrations with other enterprise software. The company also offers capabilities for creating and managing learning content, supporting instructor-led and virtual training, and delivering extended-enterprise education programs.

Founded in 2005 by Claudio Erba, Docebo is headquartered in Toronto, Canada, and serves organizations internationally.