Docebo Inc. (DCBO) PT Lowered to $38 at Craig-Hallum

Craig-Hallum analyst George Sutton lowered the price target on Docebo Inc. (NASDAQ: DCBO) to $38.00 while maintaining a Buy rating.

The analyst commented: maintaining a Buy rating on DCBO, despite a reduction in his price target to $38, arguing that the market has yet to recognize the company’s potential as a primary beneficiary of AI. Sutton asserts that the firm is successfully capturing market share from legacy providers—as evidenced by recent deal wins—and is strategically positioned to capitalize on the AI upskilling trend following the acquisition of 365Talents. By owning both the data and execution layers, the company can effectively integrate AI into its product roadmap to deliver measurable value to its clients. Sutton further highlights the company's $60 million share buyback program at $20.40 as a strong signal of management's internal confidence, noting that with the stock trading at less than 10x its projected 2026 EBITDA, it represents a compelling value despite broader market concerns.

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