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Canaccord Genuity Sticks to Its Buy Rating for Docebo (DCBO)

Tipranks - Tipranks - Tue Mar 3, 10:28AM CST

Canaccord Genuity analyst maintained a Buy rating on Docebo yesterday and set a price target of $36.00.

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In addition to Canaccord Genuity, Docebo also received a Buy from ATB Cormark Capital Markets’s Martin Toner in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Docebo (NASDAQ: DCBO).

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Based on Docebo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$64.01 million and a net profit of C$27.27 million. In comparison, last year the company earned a revenue of C$57.04 million and had a net profit of C$11.91 million

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DCBO in relation to earlier this year.

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