Docebo Inc: (DCBO:CA) (DCBO)
ATB Capital Markets has issued a research report on Docebo Inc. and downgraded the stock from an “Outperform” rating to “Sector Perform”. The analyst also lowered the 12 month target price from C$75 to C$45. This revision reflects the company’s lowered revenue growth forecast for the full year 2025.
The downgrade indicates that ATB Capital Markets now expects Docebo’s stock to perform in line with other companies within the same sector rather than outperform them. The substantial reduction in the price target, a drop of C$30, are a result of adjusted expectations on the company’s updated financial outlook.
Docebo, known for its cloud-based learning management system, has faced challenges that impacted its revenue growth projections. While the company has previously shown strong performance, recent guidance indicates a more conservative growth trajectory, prompting this cautious stance from analysts.
Stock Forecast
According to the latest forecast from 7 analysts, the average target price for Docebo Inc over the next 12 months is CAD 61.67. This projection suggests a potential upside from the current price, indicating that analysts are generally optimistic about the company’s future performance. The consensus analyst rating for Docebo Inc is “Strong Buy”, reflecting confidence among market experts.
Stock Target Advisor’s analysis of Docebo Inc is “Slightly Bullish”. This assessment is based on 8 positive signals and 4 negative signals, indicating a cautiously optimistic outlook. These signals may include factors like earnings performance, revenue growth, technical indicators, and market sentiment.
Recent Performance and Market Sentiment
Despite the positive long-term outlook, Docebo Inc’s recent stock performance has been under pressure. As of the last closing, the stock price was CAD 36.94, reflecting a significant decline from previous levels. Over the past week, the stock price has dropped by -15.66%, while over the past month, it has decreased by -10.56%. On a yearly basis, the stock is down by -24.12%.
Key Takeaways for Investors
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The average 12-month price target of CAD 61.67 represents a potential upside, indicating analysts expect a recovery.
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The current “Strong Buy” rating from analysts shows long-term confidence despite recent downturns.
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Stock Target Advisor’s “Slightly Bullish” stance reflects a balanced view, acknowledging both positive and negative signals.
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Investors should consider the recent downward trend in the stock price and evaluate whether the potential upside justifies the risks associated with current market volatility.
In summary, while Docebo Inc’s near-term challenges have impacted its stock price, the longer-term analyst consensus remains favorable, suggesting that the company may rebound if it can address growth concerns effectively.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
