ATB Cormark Capital Markets Boosts Docebo (TSE:DCBO) Price Target to C$36.00

Docebo (TSE:DCBO) had its price target increased by ATB Cormark Capital Markets from C$35.00 to C$36.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 44.23% from the company’s current price.

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

Docebo Trading Up 3.1%

Shares of TSE:DCBO opened at C$24.96 on Thursday. The company has a 50 day moving average of C$24.52 and a 200-day moving average of C$28.76. The firm has a market cap of C$644.47 million, a P/E ratio of 19.50 and a beta of 0.12. Docebo has a twelve month low of C$19.87 and a twelve month high of C$46.96. The company has a current ratio of 1.15, a quick ratio of 3.25 and a debt-to-equity ratio of 6.07.

Docebo (TSE:DCBO) last issued its quarterly earnings results on Friday, February 27th. The company reported C$0.63 earnings per share for the quarter. The company had revenue of C$82.95 million during the quarter. Docebo had a net margin of 15.58% and a return on equity of 73.40%. As a group, analysts anticipate that Docebo will post 1.6842684 earnings per share 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.