Docebo price target raised to $65 from $50 at Canaccord

Canaccord raised the firm’s price target on Docebo to $65 from $50 and keeps a Buy rating on the shares. The firm said they provided strong Q4 results better-than-expected across the board, particularly on the bottom line with continued strong FCF. Q1 guidance was likewise stronger-than- expected despite ongoing macro pressure on sales cycles.