ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Docebo (TSE:DCBO) Stock

Docebo (TSE:DCBO) had its price target lifted by ATB Cormark Capital Markets from C$35.00 to C$44.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 34.11% from the stock’s current price.

Docebo Stock Up 5.5%

TSE:DCBO traded up C$1.72 during midday trading on Monday, reaching C$32.81. 93,775 shares of the stock traded hands, compared to its average volume of 111,006. The stock has a market capitalization of C$832.82 million, a PE ratio of 28.04 and a beta of -0.02. Docebo has a 12-month low of C$19.87 and a 12-month high of C$45.24. The company has a debt-to-equity ratio of -13,603.61, a quick ratio of 3.25 and a current ratio of 0.79. The business has a 50-day moving average of C$26.28 and a two-hundred day moving average of C$25.42.

Docebo (TSE:DCBO) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. Docebo had a net margin of 13.90% and a return on equity of 90.80%. The business had revenue of C$97.54 million for the quarter. On average, equities analysts forecast that Docebo will post 1.6842684 earnings per share for the current fiscal year.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.