Docebo (TSE:DCBO) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Docebo (TSE:DCBO) had its price target increased by stock analysts at ATB Cormark Capital Markets from C$35.00 to C$36.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 49.19% from the company’s current price.

Separately, TD Securities lowered their price target on Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$39.67.

Docebo Price Performance

TSE DCBO traded down C$2.11 during trading hours on Thursday, reaching C$24.13. 82,262 shares of the stock traded hands, compared to its average volume of 129,185. The stock has a 50 day simple moving average of C$24.56 and a two-hundred day simple moving average of C$28.89. Docebo has a 1 year low of C$19.87 and a 1 year high of C$46.96. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.15 and a quick ratio of 3.25. The company has a market cap of C$623.04 million, a price-to-earnings ratio of 18.85 and a beta of 0.12.

Docebo (TSE:DCBO) last released its quarterly earnings results on Friday, February 27th. The company reported C$0.63 earnings per share for the quarter. Docebo had a return on equity of 73.40% and a net margin of 15.58%.The business had revenue of C$82.95 million for the quarter. On average, analysts predict that Docebo will post 1.6842684 EPS for the current fiscal year.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.