Docebo Inc. (DCBO:CA) (DCBO)
TD Securities updated their coverage on Docebo and maintained its “Buy” rating and reiterated its 12 month target price of $51.00 per share. TD’s forecast underscores confidence in the company’s long-term SaaS growth trajectory, with strong positioning in the digital learning and enterprise training market, where demand remains supported by corporate upskilling initiatives and the ongoing shift toward cloud-based learning management platforms.
TD Securities’ outlook highlights Docebo’s recurring revenue model, high gross margins, and scalable platform as key drivers of sustainable growth. The firm is seen as well positioned to benefit from increased adoption among mid-sized and large enterprise clients, as well as cross-selling opportunities within its existing customer base. Continued investment in product innovation, including AI-driven learning tools, is also expected to support differentiation and customer retention.
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