Docebo price target lowered to $28 from $34 at Stifel

Stifel lowered the firm’s price target on Docebo (DCBO) to $28 from $34 and keeps a Buy rating on the shares. While acknowledging that Docebo faces compounding headwinds this year from the AWS contract roll-off and ongoing Dayforce churn, the analyst contends that the underlying business “appears much healthier than headline metrics reveal.”