Analyst Ryan MacDonald from Needham reiterated a Buy rating on Docebo and keeping the price target at $42.00.
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Ryan MacDonald has given his Buy rating due to a combination of factors including Docebo’s impressive performance in the second quarter, driven by strong results in the mid-market segment. This success has led to an increase in the company’s fiscal year 2025 revenue outlook. Despite this positive momentum, the company maintains a cautious perspective for the second half of 2025, anticipating prolonged deal cycles.
MacDonald also highlights the potential for further growth as Docebo introduces significant product innovations, such as AI virtual coaching and agentic AI capabilities, which have been well-received by customers. This enthusiasm for new offerings is expected to contribute to additional sales growth in the latter part of the year. Looking ahead to fiscal year 2026, MacDonald anticipates that formal guidance could surpass consensus estimates, particularly with the expectation of substantial government contributions in the second half of 2026. Consequently, he remains optimistic about the stock’s potential for upside.
According to TipRanks, MacDonald is a 4-star analyst with an average return of 5.9% and a 47.79% success rate. MacDonald covers the Technology sector, focusing on stocks such as Yext, Docebo, and Nerdy.