Added to YB: 2026-03-03
Pitch date: 2026-02-27
DCBO [bullish]
Docebo Inc.
-7.92%
current return
Author Info
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Company Info
Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally.
Market Cap
CAD 534.4M
Pitch Price
CAD 24.11
Price Target
38.50 (+73%)
Dividend
N/A
EV/EBITDA
14.29
P/E
14.51
EV/Sales
1.91
Sector
Software
Category
growth
An AI-first LMS provider at a fundamental inflection point - Docebo $DCBO
DCBO: AI-first LMS at inflection point. FY25 rev $243M (+12%), adj EBITDA $44M (21% margin), FCF $38M. ARR $238M (+8%) held back by Dayforce/AWS churn. 365Talents acquisition ($55M) transforms platform into workforce readiness system linking skills intelligence to learning. Strong extended enterprise/gov (FedRAMP) positioning. $60M buyback at $20.40 signals confidence. Risks: OEM losses, AI commoditization threat, integration execution. Trading 2x EV/Sales vs 80% gross margin. Analyst avg PT $34 (+88%).
Read full article (14 min)