CIBC lowered the firm’s price target on Docebo to $44 from $53 and keeps an Outperformer rating on the shares. Docebo provided FY24 guidance below the Street’s estimates and the company is seeing weakness in the SMB and mid-market, but less so on the enterprise side, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DCBO: