TD Securities Cuts Docebo (TSE:DCBO) Price Target to C$70.00

Docebo (TSE:DCBOGet Rating) had its price objective trimmed by TD Securities from C$90.00 to C$70.00 in a research report report published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. ATB Capital upped their target price on shares of Docebo from C$110.00 to C$115.00 and gave the company an outperform rating in a research note on Friday, March 11th. Morgan Stanley initiated coverage on shares of Docebo in a research note on Tuesday, April 26th. They issued a hold rating and a C$54.00 target price on the stock. Cormark lowered their target price on shares of Docebo from C$110.00 to C$85.00 and set a buy rating on the stock in a research note on Friday, March 11th. CIBC lowered their target price on shares of Docebo from C$70.50 to C$63.50 and set an outperform rating on the stock in a research note on Friday. Finally, Eight Capital decreased their price objective on shares of Docebo from C$110.00 to C$90.00 and set a buy rating on the stock in a research note on Friday, March 11th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of C$84.05.

TSE DCBO opened at C$42.23 on Friday. The stock has a market cap of C$1.39 billion and a P/E ratio of -78.93. The company’s 50-day simple moving average is C$57.99 and its 200 day simple moving average is C$70.95. Docebo has a twelve month low of C$37.57 and a twelve month high of C$117.55. The company has a quick ratio of 3.51, a current ratio of 3.64 and a debt-to-equity ratio of 2.10.

Docebo Company Profile (Get Rating)

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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