Section1: Company Overview

Docebo Inc (TSX: DCBO) offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration. This Report covers the Investment Highlights, Key Financial Metrics, Risks associated along with the Valuation, Target Price, and Recommendation on the stock. 

1.1 Investment Highlights

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

Valuation Methodology (Illustrative): EV to Sales based

 3.2 Price Performance and Stock Recommendation

The stock has witnessed a downside of ~2.34 and an upside of ~24.53% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 72.49 and 52-week low price of CAD 39.81, providing an opportunity to exit, as the prices are trading near the resistance and could make some corrections. Docebo Inc (TSX: DCBO) was last covered on 12^th December 2023.

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of December 20, 2023). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of December 20, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.