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

Docebo (NASDAQ:DCBO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

DCBO has been the subject of several other research reports. ATB Cormark Capital Markets upgraded Docebo to an “outperform” rating in a research note on Wednesday, December 10th. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Oppenheimer reissued an “outperform” rating and set a $25.00 target price on shares of Docebo in a research note on Thursday, January 29th. Canaccord Genuity Group lowered their price objective on Docebo from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, National Bank Financial decreased their target price on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Docebo Stock Down 3.0%

DCBO stock opened at $17.38 on Friday. The firm has a market cap of $499.81 million, a PE ratio of 23.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average is $19.81 and its 200 day moving average is $24.17. Docebo has a one year low of $16.07 and a one year high of $35.54.

Institutional Investors Weigh In On Docebo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Northwest & Ethical Investments L.P. acquired a new stake in shares of Docebo during the 4th quarter worth about $27,000. Employees Retirement System of Texas purchased a new stake in shares of Docebo in the 2nd quarter valued at approximately $44,000. State of Wyoming purchased a new position in shares of Docebo during the 4th quarter worth approximately $72,000. Deutsche Bank AG increased its holdings in Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after buying an additional 1,805 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Trending Headlines about Docebo

Here are the key news stories impacting Docebo this week:

• Positive Sentiment: Q4 results beat consensus — revenue (~$62.8M) and EPS topped estimates, and management said Q4 included the strongest gross bookings since 2021 and improved adjusted EBITDA margins; these operational beats support longer‑term growth expectations. Read More.
• Positive Sentiment: Earnings call highlighted continued demand and strategic integration (AI and platform initiatives), reinforcing management’s narrative that product momentum and cross‑sell are driving bookings strength. Read More.
• Neutral Sentiment: Q1 2026 revenue guidance was given at $63.5M–$63.7M, roughly in line with consensus (~$63.4M); the narrow beat offers limited upside and management’s EPS guidance detail was minimal in the notice, leaving investors to parse qualitative commentary for forward conviction.
• Neutral Sentiment: Post‑report analysis focused on key metric comparisons (margin, bookings, ROE), which help contextualize the beat but don’t dramatically change near‑term estimates; watch renewal and ARR/bookings cadence in the next quarters. Read More.
• Negative Sentiment: Needham lowered its price target from $38 to $31 (still a Buy rating), which trims the near‑term upside narrative and likely pressured the stock despite the beat — analyst downgrades/cuts to price targets often trigger selling by momentum and quant funds. Read More.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.