Will Docebo Stock Skyrocket to $200?

Despite being down 55% from its all-time highs, Docebo ( TSX:DCBO ) still trades at a discount compared to consensus price target estimates for 2024. Since going public in late 2019, this TSX tech stock has rewarded its shareholders with an impressive 226% return, outperforming the broader index. Currently priced at just over $50 per share, Docebo has a market cap of $1.6 billion , and the big question remains : Can it reach $200 and continue delivering inflation-beating returns? A Closer Look at Docebo Founded in 2005, Docebo provides an enterprise-focused e-learning platform that has grown in popularity as companies seek innovative ways to upskill employees. Initially operating as an open-source model installed on customer servers, Docebo transitioned to a cloud-based SaaS platform over a decade ago, benefiting from recurring cash flow. Pioneering the integration of artificial intelligence (AI) into e-learning, Docebo offers its clients data-driven...