Docebo’s Strong Market Position and Growth Potential Earns Buy Rating Despite OEM Concerns
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Analyst Ryan MacDonald from Needham has reiterated a Buy rating on Docebo, lowering the price target to $38.00 from $42.00. This rating is based on Docebo's strong market position and growth potential, highlighted by impressive third-quarter results and effective enterprise-focused strategies. Despite concerns over an OEM relationship reduction, MacDonald believes the company can overcome these challenges. Oppenheimer also initiated coverage with a Buy rating and a $35.00 price target.
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