Morgan Stanley Upgrades Docebo Inc. (DCBO) to Overweight

Morgan Stanley analyst Josh Baer upgraded Docebo Inc. (NASDAQ: DCBO) from Equalweight to Overweight with a price target of $49.00 (from $40.00).

The analyst commented, "Punching above its weight– Docebo is a differentiated small-cap w/ +25% growth & GAAP profitability, disrupting a large Learning Management System market & executing against a greenfield external training oppty– underpriced at <0.20x EV/S/ G, a 37% discount to peers. Upgrade from EW to OW."

For an analyst ratings summary and ratings history on Docebo Inc. click here. For more ratings news on Docebo Inc. click here.

Shares of Docebo Inc. closed at $40.66 yesterday.

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