Docebo initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Docebo (DCBO) with an Outperform rating and $35 price target The company is a leading provider of learning management systems and its growth has outpaced the market by displacing legacy vendors, moving upmarket, and extending into new markets, the analyst tells investors in a research note. The firm sees Docebo’s average revenue per user as a key growth driver with management prioritizing enterprise sales.