Docebo Inc. (DCBO) stock soared 5.17% in pre-market trading on Monday, March 3rd, 2025, following positive analyst reports from Scotiabank and Stifel Nicolaus.
Scotiabank analyst Kevin Krishnaratne reiterated a Buy rating on Docebo and set a price target of $55, while Stifel Nicolaus analyst Suthan Sukumar also maintained a Buy rating on the company. These bullish analyst views and price targets seem to be the key drivers behind the stock's surge.
Docebo is a cloud-based learning management system provider, and the analysts' optimistic outlooks likely reflect the company's strong growth prospects in the rapidly expanding e-learning market.
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