Scotiabank has revised its price target for Docebo (DCBO, Financial), reducing it from $45 to $40, while maintaining an Outperform rating for the stock. Despite some short-term uncertainties, the firm reassures that its confidence in the long-term business strategy of Docebo remains unchanged, according to an analyst's report to investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Docebo Inc (DCBO, Financial) is $51.63 with a high estimate of $62.00 and a low estimate of $32.00. The average target implies an upside of 98.48% from the current price of $26.01. More detailed estimate data can be found on the Docebo Inc (DCBO) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Docebo Inc's (DCBO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Docebo Inc (DCBO, Financial) in one year is $67.48, suggesting a upside of 159.44% from the current price of $26.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Docebo Inc (DCBO) Summary page.
DCBO Key Business Developments
Release Date: May 09, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Docebo Inc (DCBO, Financial) has experienced significant growth, increasing its ARR from $74 million to $225 million over the past five years.
- The company is focusing on enhancing its product offerings with AI enablement, transforming its LMS into a comprehensive AI enterprise learning platform.
- Docebo Inc (DCBO) has received ATO status, unlocking opportunities to bid and win government contracts, which is expected to drive future growth.
- The company is actively investing in its government go-to-market motion and product development, particularly in AI, to capture market share.
- Docebo Inc (DCBO) maintains a strong relationship with Amazon AWS, despite AWS's decision to build an internal solution, and continues to execute well in the technology space.
Negative Points
- Leadership transitions, including the departure of the CRO and CPO, may pose challenges in maintaining consistent execution and growth.
- The company has reduced its full-year guidance due to macroeconomic uncertainties, impacting new logo growth assumptions.
- There is a noted elongation in deal cycles within the enterprise space, indicating potential delays in revenue realization.
- The loss of the AWS skills builder use case, although not immediately impactful, could affect future ARR as AWS was a significant customer.
- Docebo Inc (DCBO) faces challenges in aligning AI readiness between business needs and procurement/legal teams, potentially delaying deal closures.
