Scotiabank Maintains Sector Outperform on Docebo, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Kevin Krishnaratne has maintained a Sector Outperform rating on Docebo (NASDAQ:DCBO) but has lowered the price target from $65 to $50.

May 14, 2024 | 4:40 pm
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NEUTRAL IMPACT
Scotiabank maintains a positive outlook on Docebo with a Sector Outperform rating, though the price target has been reduced from $65 to $50.
While the reduction in price target could suggest a reassessment of Docebo's short-term growth potential or market conditions, the maintenance of a Sector Outperform rating indicates a continued positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100