Docebo initiated with a Buy at Craig-Hallum

Craig-Hallum initiated coverage of Docebo with a Buy rating and $58 price target. The company has separated itself in a highly competitive space due to its best of breed product, focus on serving external use cases, and capability to serve large enterprise customers, the analyst tells investors in a research note. The firm sees a path to a $58 stock by year-end and potential for a $100+ stock over the next few years.