Morgan Stanley Upgrades Docebo to Overweight, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Jennings has upgraded Docebo (NASDAQ:DCBO) from Equal-Weight to Overweight and raised the price target from $40 to $49.
August 18, 2023 | 1:13 pm
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Docebo's stock has been upgraded to Overweight by Morgan Stanley, with a raised price target of $49, up from $40.
The upgrade from Morgan Stanley is a positive signal for Docebo. It indicates that the analyst believes the company's stock will outperform its sector average. The raised price target also suggests that the analyst sees more upside potential in the stock, which could lead to a price increase in the short term.
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IMPORTANCE 80
RELEVANCE 100