Docebo (NASDAQ:DCBO) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also commented on the company. Oppenheimer upped their target price on Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, November 2nd. Needham & Company LLC raised their price target on shares of Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings upgraded shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. ATB Cormark Capital Markets decreased their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Zacks Research raised shares of Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Docebo presently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Docebo Price Performance

Shares of DCBO opened at $28.97 on Friday. The firm has a market capitalization of $723.67 million, a PE ratio of 22.28 and a beta of 1.18. Docebo has a 1-year low of $14.39 and a 1-year high of $31.94. The company’s fifty day moving average price is $26.09 and its 200-day moving average price is $20.68.

Docebo (NASDAQ:DCBO) last issued its earnings results on Friday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $70.33 million during the quarter, compared to analyst estimates of $68.47 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. As a group, research analysts anticipate that Docebo will post 1.45 EPS for the current fiscal year.

Docebo Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of C$2.42 per share. The ex-dividend date is Monday, November 16th.

Hedge Funds Weigh In On Docebo

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its holdings in Docebo by 4.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company’s stock valued at $981,000 after purchasing an additional 1,894 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Docebo by 25.4% during the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock worth $1,094,000 after buying an additional 12,400 shares during the last quarter. Allworth Financial LP purchased a new stake in Docebo in the second quarter valued at $52,000. K2 Principal Fund L.P. purchased a new stake in Docebo in the 2nd quarter valued at about $303,000. Finally, State of Wyoming acquired a new position in shares of Docebo in the 2nd quarter worth approximately $137,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Key Stories Impacting Docebo

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.