Needham & Company LLC Forecasts Strong Price Appreciation for Docebo (NASDAQ:DCBO) Stock

Key Points

• Needham raised its Docebo price target from $31 to $42 and kept a Buy rating, implying 40.89% upside from the prior close.
• Docebo beat Q3 earnings and revenue estimates, with revenue up 14% year over year; its full-year and Q4 revenue guidance also came in above consensus.
• The board declared a one-time special dividend of about US$60 million, or US$2.42 per share, payable November 30.

Docebo (NASDAQ:DCBO - Get Free Report) had its price target increased by research analysts at Needham & Company LLC from $31.00 to $42.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price target would suggest a potential upside of 40.89% from the company's previous close.

Several other brokerages have also issued reports on DCBO. ATB Cormark Capital Markets reduced their target price on Docebo from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Weiss Ratings raised Docebo from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Zacks Research upgraded Docebo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Oppenheimer upped their price objective on shares of Docebo from $25.00 to $35.00 and gave the company an "outperform" rating in a report on Monday. Finally, National Bank Financial upped their price objective on shares of Docebo from $24.00 to $31.00 and gave the company a "sector perform" rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.40.

Docebo Price Performance

NASDAQ DCBO traded down $0.59 on Friday, hitting $29.81. The stock had a trading volume of 202,342 shares, compared to its average volume of 130,385. The business's fifty day moving average price is $26.01 and its 200 day moving average price is $20.63. The stock has a market cap of $744.56 million, a price-to-earnings ratio of 26.20 and a beta of 1.18. Docebo has a 52-week low of $14.39 and a 52-week high of $31.94.

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

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCBO. TD Waterhouse Canada Inc. lifted its holdings in shares of Docebo by 4.4% during the third quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company's stock worth $981,000 after purchasing an additional 1,894 shares during the period. Allworth Financial LP purchased a new stake in Docebo in the second quarter valued at approximately $52,000. NewEdge Advisors LLC increased its holdings in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company's stock worth $69,000 after buying an additional 3,646 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in Docebo by 38.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company's stock worth $370,000 after buying an additional 5,900 shares during the period. Finally, State of Wyoming acquired a new position in Docebo in the 2nd quarter worth approximately $137,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

Key Docebo News

Here are the key news stories impacting Docebo this week:

• Positive Sentiment: Q3 revenue was $70.3 million, above the $69.6 million FactSet estimate, while revenue grew 14% year over year. Adjusted EPS of $0.55 also topped the $0.53 Zacks consensus; separately, reported EPS was $0.46 versus a $0.44 estimate. Docebo Q3 earnings and revenue beat estimates
• Positive Sentiment: Docebo’s FY 2026 revenue guidance of $276.7 million is above the $275.5 million consensus. Q4 revenue guidance of $71.9 million–$72.1 million also exceeds the $71.6 million estimate, suggesting a modestly better near-term outlook.
• Positive Sentiment: The board declared a one-time special dividend of approximately US$60 million, or US$2.42 per share, payable November 30 to shareholders of record at the close of business on the specified record date. The cash distribution may appeal to income-focused investors. Docebo announces US$60 million special dividend

Docebo Company Profile

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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