-- Docebo's (DCBO.TO, DCBO) annual user conference on Tuesday highlighted another year of record attendance, reports Stifel Canada.
In a note, analyst Suthan Sukumar, who is maintaining a buy rating and US$28.00 price target on the shares, says his key takeaway from Docebo's investor briefing is that the company remains on the AI/ product offensive within the corporate learning industry, with higher win rates and larger deal sizes amidst an expanding total addressable market.
A better-than-expected first-quarter preliminary release and an updated fiscal 2026 guidance also leads Sukumar to see potential for operational momentum to drive upside in the quarters ahead, implying an attractive risk/reward at 7x C27E EBITDA.
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