Docebo price target raised to $55 from $50 at Scotiabank

Scotiabank raised the firm’s price target on Docebo (DCBO) to $55 from $50 and keeps an Outperform rating on the shares. Although revenue will likely be in-line given the nature of the business, the firm sees upside to EBITDA both in the quarter and for CY24 guidance, the analyst tells investors. The firm names Docebo as one of its top picks in the SaaS space.