Docebo (NASDAQ:DCBO) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Docebo from “hold” to “buy.” Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $32.40; Needham raised its target to $42.
• Docebo’s third-quarter adjusted earnings and revenue exceeded expectations, with revenue up 14% year over year. Its 2026 revenue outlook also came in above consensus.
• The board declared a one-time special cash dividend of about $2.42 per share, totaling approximately $60 million and payable November 30.

Docebo (NASDAQ:DCBO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently weighed in on DCBO. Zacks Research raised Docebo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Oppenheimer upped their price target on Docebo from $25.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, November 2nd. ATB Cormark Capital Markets decreased their price target 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. Needham & Company LLC boosted their price objective on Docebo from $31.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday. Finally, National Bank Financial raised their price objective on shares of Docebo from $24.00 to $31.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Docebo Trading Down 4.7%

Shares of DCBO stock opened at $28.97 on Friday. The stock has a market cap of $725.70 million, a price-to-earnings ratio of 25.41 and a beta of 1.18. The stock has a 50-day moving average of $26.09 and a 200-day moving average of $20.68. Docebo has a 1-year low of $14.39 and a 1-year high of $31.94.

Docebo (NASDAQ:DCBO - Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Docebo had a net margin of 12.98% and a return on equity of 120.29%. Sell-side analysts forecast that Docebo will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DCBO. Arrowstreet Capital Limited Partnership increased its holdings in shares of Docebo by 16.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company's stock worth $10,775,000 after buying an additional 86,038 shares during the last quarter. NewGen Asset Management Ltd acquired a new stake in shares of Docebo during the 1st quarter valued at $1,558,000. Engineers Gate Manager LP raised its position in shares of Docebo by 25.4% in the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company's stock valued at $1,094,000 after acquiring an additional 12,400 shares during the period. Sei Investments Co. grew its holdings in shares of Docebo by 211.7% during the first quarter. Sei Investments Co. now owns 56,034 shares of the company's stock worth $979,000 after purchasing an additional 38,058 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Docebo by 4.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company's stock worth $981,000 after buying an additional 1,894 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo News Summary

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.

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