Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

Docebo Poised To Deliver A Balanced Mix Of Growth & Profitability In FY24: Analyst

Published 14/11/2023, 20:20
© Reuters.  Docebo Poised To Deliver A Balanced Mix Of Growth & Profitability In FY24: Analyst

Benzinga - by Lekha Gupta, Benzinga Editor.

Needham analyst Ryan MacDonald initiated coverage on Docebo Inc (NASDAQ: DCBO) with a Buy rating and a price target of $56.

The analyst sees Docebo as a differentiated learning management system (LMS) vendor that is expected to quickly gain share by evolving corporate learning beyond HR into the extended enterprise.

The analyst notes that Docebo is poised to gain share and deliver a balanced mix of growth and profitability in FY24 thanks to a differentiated product suite and growth initiatives fueled by investments in the indirect channel via SI/OEM relationships.

The analyst estimates revenue and EPS of $180.0 million and $0.58 in FY23 and $221.4 million and $1.09 in FY24, respectively.

In August, the company reported second-quarter FY23 revenue growth of 24.8% year-on-year to $43.59 million, beating the consensus of $43.03 million. Adjusted EPS improved to $0.14 from $(0.02), beating the consensus of $0.08.

Price Action: DCBO shares are up 9.35% at $51.64 on the last check Tuesday.

Latest Ratings for DCBO

Dec 2021StifelInitiates Coverage OnBuy
Nov 2021Canaccord GenuityMaintainsBuy
Jun 2021BerenbergInitiates Coverage OnBuy

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.