
Docebo (DCBO) Stock Forecast & Price Target
Docebo (DCBO) Analyst Ratings
Bulls say
Docebo Inc. demonstrated robust financial performance in Q3 2024, achieving a revenue growth of 19.2% year-over-year, primarily driven by a 20.7% increase in subscription revenue, reaching $52.6 million. The company also reported a significant rise in annual recurring revenue (ARR), which reached $214.1 million, reflecting a 4.0% quarter-over-quarter increase and a 17.8% year-over-year growth, bolstered by strong new customer additions that brought the total customer count to 3,945. Additionally, improvements in EBITDA margins, projected to expand due to operating leverage and AI/Automation initiatives, suggest a positive trend in the company's profitability metrics moving forward.
Bears say
Docebo Inc. is experiencing significant pressure on its stock, with shares dropping as much as 26% intraday due to a subdued revenue growth outlook for 2024, projected at just 20.3%. The company's shares trade at a considerable discount to its peer group's median EV/revenue multiple, which reflects concerns about its competitive positioning and overall market performance amid macroeconomic challenges. Additionally, the potential for customer downgrades and elongated sales cycles, particularly in the mid-market and enterprise segments, may further hinder revenue stability and growth, contributing to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Docebo and is not a guaranteed prediction by Public.com or investment advice.
Docebo (DCBO) Analyst Forecast & Price Prediction
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