Docebo Stock | Analysis for March 2026, Price & Rating

Docebo

TSX:DCBO

C$ 23,10

C$-1,44 (-5,87%)

23,10 C$

C$-1,44 (-5,87%)

End-of-day quote: 03/27/2026

Docebo Stock Value

The analyst rating for Docebo is currently Outperform.

Outperform

Docebo Company Info

EPS Growth 5Y

42,84%

Market Cap

C$0,71 B

Long-Term Debt

C$0,00 B

Short Interest

3,97%

Quarterly earnings

05/09/2026 (E)

Dividend

C$0,00

Dividend Yield

0,00%

Founded

2005

Industry

Information Technology

Country

Canada

ISIN Number

CA25609L1058

Website

http://www.docebo.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$35,43

53.38%

Last Update: 03/26/2026

Analysts: 1

Highest Price Target C$35,43

Average Price Target C$35,43

Lowest Price Target C$35,43

In the last five quarters, Docebo’s Price Target has fallen from C$100,40 to C$52,54 - a -47,67% decrease. Six analysts predict that Docebo’s share price will increase in the coming year, reaching C$35,43. This would represent an increase of 53,38%.

Top growth stocks in the information technology sector (5Y.)

What does Docebo do?

Docebo Inc. (Docebo) provides a learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners and customers. The company’s solution allows its customers to take control of their desired training strategies and retain institutional knowledge, while providing efficient course delivery, advanced reporting tools and analytics. The company’s robust platform helps its customers centralize a broad range of learning materia...

Docebo Inc. (Docebo) provides a learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners and customers.

The company’s solution allows its customers to take control of their desired training strategies and retain institutional knowledge, while providing efficient course delivery, advanced reporting tools and analytics. The company’s robust platform helps its customers centralize a broad range of learning materials from peer enterprises and learners into one LMS to expedite and enrich the learning process, increase productivity and grow teams uniformly.

The company’s solutions are sold on a subscription model, and its subscriptions are typically structured with an initial fixed term of between one and three years, without the ability for customers to terminate for convenience. The company charges its customers based upon a per-learner, per-module basis, varying depending on the size of the organization and complexity. For Fiscal 2024, 94% of the company’s revenue was generated from its recurring subscription-based plans for its learning management platform.

Docebo sells its products in approximately 70 countries and empowers nearly 3,900 companies as at the end of Fiscal 2024 (year ended December 31, 2024). The company’s customers are diversified across various industries including technology and media (Thomson Reuters Corporation, HP Inc. and Amazon Web Services, Inc.), consulting and professional services (Booking.com, Bupa, Newcross Healthcare Solutions, Experian PLC, Randstad NV and lastminute.com) and manufacturing and retail (Deliveroo, Advanced Auto Parts, Dine Brands Global, Bojangles Opco, LLC, L’Oreal S.A., Heineken NV, BMW AG, Enterprise Holdings and Milwaukee Electric Tool Corporation).

Solutions

The Docebo Learning Platform includes the following capabilities: Learning Management and Delivery, Content Marketplace, Insights, Learning Evaluation, Advanced Analytics, Communities, eCommerce, Integrations, Docebo Headless, and AI Authoring.

The Docebo Learning Platform is a cloud-based solution that allows learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning, to multiple internal, external and blended audiences.

Docebo’s Content Marketplace allows learning administrators to access the industry’s best off-the-shelf learning content and provide their learners with high-quality, predeveloped learning content. Learning administrators can partner with a Docebo Content specialist to help curate the right resources from the company’s library of 40,000+ courses.

The Insights module allows organizations to understand the results of their learning programs with data visualizations that are straightforward and actionable. With features like modern interactive dashboards for Super Admins and Power Users, it offers a centralized source for all learning analytics needs. Customers can swiftly build, discover, and share meaningful insights, enabling quick and impactful decision-making on learning performance based on a single, reliable source of truth.

The Learning Evaluation module empowers learning administrators to incorporate the learner’s perspective into their analyses by facilitating the collection of feedback. This feedback enables organizations to demonstrate and enhance the effectiveness of their training programs while validating their investment in learning. Gain insights into how learning influences employee experience and performance through a combination of pre-built and custom questionnaires, tailored evaluation processes, and relevant learning benchmarks and metrics.

The Advanced Analytics pack combines two essential tools for organizations ready to elevate their learning data and analytics. It offers seamless integration of learning data into any data ecosystem and BI tool, allowing organizations to incorporate their learning and development data into a central repository. This integration helps them understand how learning impacts their business and contributes to their goals. Additionally, it unlocks a powerful BI tool within the Docebo platform, equipping Learning and Development teams with the resources they need to create customized metrics tailored to their specific needs.

The Communities module seamlessly integrates a dynamic hub into the learning environment, enabling interactive learner communities to become a central part of the learning experience. Designed to enhance both knowledge sharing and community interaction, it enriches the overall learning journey by driving collaboration and creating a strong sense of belonging among users.

The eCommerce module allows administrators to monetize from digital training contents, seamlessly managing and selling training offerings—whether it is courses, subscriptions, or content licensing—all from a single platform.

Docebo Integrations allow organizations to integrate Docebo with other business systems across their tech stack to improve the learner experience, drive efficiencies and scale learning programs.

Docebo Headless allows businesses to build learning experiences outside of the Docebo learning environment in their own products or web environments so people can access learning where and when they need it, without having to switch between tools.

AI Authoring is an innovative package that empowers users to create tailored learning content effortlessly. Leveraging advanced AI capabilities, it allows users to generate content either from scratch or through an interactive chatbot experience.

Additional modules can also be purchased for specific use cases and needs, including: Docebo for Salesforce, Docebo Embed (OEM), Docebo Mobile App Publisher, and Docebo for Microsoft Teams. Docebo for Salesforce is a native integration that leverages Salesforce’s API and technology architecture to produce a learning experience that remains uniform no matter the use-case. Docebo Embed (OEM) eliminates disjointed learner experiences, long development cycles and ineffective partner models by allowing original equipment manufacturers (OEMs) to embed and re-sell the Docebo learning platform as a part of their software, including human capital management (‘HCM’), risk management and retail/hospitality SaaS products. Docebo’s Mobile App Publisher product allows companies to create their own branded version of the award-winning ‘Docebo Go.Learn’ mobile learning application and publish it as their own in Apple’s App Store, the Google Play Store or in their own Apple Store for Enterprise. Docebo Extended Enterprise breeds customer education, partner enablement, and retention by allowing customers to train multiple external audiences with a single LMS solution. Lastly, Docebo for Microsoft Teams is designed to remove barriers to learning, drive adoption and increase productivity by bringing learning directly into Microsoft Teams, where people at organizations who use this as their collaboration tool, already spend a large part of their time.

The modules and capabilities of the company’s platform interconnect to deliver a holistic value proposition that has contributed to its success in the market, including the ability to:

Offer hyper-personalized learning experiences to any audience/use case.

Monetize customer and partner learning programs with powerful e-commerce capabilities.

Enable social learning and unlock user-generated content via Docebo Communities.

Automate many repetitive tasks in the platform, from user provisioning to learner enrollments.

Provide access anywhere, anytime with a custom-branded mobile app, also available for offline learning.

Reach learners around the world with multi language and localization support available in over 40 languages.

Docebo’s primary target market consists of mid-market enterprises (‘MMEs’) that use Docebo in individual divisions or as a global learning platform across their entire enterprise and larger enterprises for both internal and external use cases. The enterprises in the company’s primary target market are broadly defined as having above 1,000 active users.

In July 2023, Docebo announced a strategic partnership with OpenSesame, a provider of on-demand eLearning courses for enterprises.

In August 2023, Docebo announced a strategic partnership with Darwinbox, an end-to-end, mobile-first, and employee-first HCM platform built for enterprises.

In October 2024, Docebo and TEDAI Vienna, Europe’s inaugural TED conference dedicated entirely to artificial intelligence, announced their partnership for the highly anticipated TEDAI Vienna event. Docebo served as the official business learning partner for the conference, playing a pivotal role in shaping how enterprises and organizations leverage AI to transform workplace learning and development.

In November 2024, Docebo announced a strategic alliance with Deloitte, a leading provider of audit, consulting, tax and advisory services to many of the world’s most admired brands.

In October 2024, Docebo expanded on their longstanding partnership with AWS by making the Docebo solutions available for purchase through the AWS Marketplace, allowing customers to get additional value in both their partnership with AWS and Docebo.

The company’s flexible platform is well-suited to support enterprises with particularly fragmented and complex use-cases, giving rise to multi-faceted training requirements, such as employee certification, re-skilling, upskilling, knowledge retention, fast onboarding for high growth companies, customer training and partner training.

Strategy

The company focuses on expanding its platform capabilities and features and pursuing a growth strategy that includes the elements, such as grow enterprise customer base; land-and-expand (expansion within existing customer accounts); and consider strategic acquisitions, investments and other relationships; and continue to seek and develop relationships with third-party enterprises that offer differentiated and value-added channels to reach new customer accounts and existing customers. The company intends to continue to add features to its platform over time, including content catalogs and people analytics. By expanding the use-cases of the company’s key algorithms, it can efficiently develop a platform and tools that can evolve to increasingly automate time-consuming administrative functions.

The company sees a significant opportunity to expand its reach into other regions, with a focus on Europe primarily, as well as the Asia-Pacific region, particularly in Australia and New Zealand. The company has registered learners in approximately 70 countries globally as of December 31, 2024, and continue to expand its sales teams in both Europe and the Asia-Pacific region to further address these large markets.

Competition

The company faces direct and/or indirect competition from a variety of players, including:

legacy corporate e-learning service providers, such as Cornerstone on Demand and SAP SuccessFactors;

corporate e-learning service providers, such as SAP Litmos, Absorb LMS, MindTickle, Lessonly and SkillJar which offer solutions at comparable prices to the company’s products;

lower priced solutions, such as 360Learning, Thrive, TalentLMS, Totara and LearnUpon;

individual-focused e-learning services, such as LinkedIn Learning, Udemy, Udacity and Pluralsight;

Specialist providers focused on specific use cases, such as Skilljar and Thought Industries (Customer Education), Seismic, Axonify and Schoox (Sales Enablement);

local consulting firms that customize open source solutions, such as Moodle; and

free solutions, such as YouTube and Google.

Intellectual Property

The company has been issued trademark registrations in Canada, the United States, the European Union, and India covering the trademark ‘DOCEBO’.

History

Docebo Inc. was founded in 2005. The company was incorporated in 2016.

Docebo Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Technology and Software: 40% - Education and E-Learning: 35% - Business Services: 25% **TOP 3 Markets:** - USA: 50% - Canada: 20% - Europe: 15% Docebo Inc. generates the majority of its revenues from the technology and software industry, followed by education and e-learnin...

At which locations are the company’s products manufactured?

**Production Sites:** Mainly in North America and Europe (estimated 2026) Docebo Inc. is a company specializing in cloud-based learning management systems. As a software company, "production" mainly consists of software development and maintenance. These activities are typically carried o...

What strategy does Docebo pursue for future growth?

**Revenue Growth:** 18% (2025) **Profit Growth:** 14% (2025) Docebo Inc. pursues a growth strategy that heavily focuses on expanding its product range and geographic expansion. The company continuously invests in research and development to enhance its learning platform with new features and techno...

Which raw materials are imported and from which countries?

**Main materials:** Software and digital infrastructure **Countries of origin:** Global, with a focus on North America and Europe Docebo Inc. is a company specializing in Learning Management Systems (LMS). As a technology company, Docebo does not import physical raw materials in the traditional s...

How strong is the company’s competitive advantage?

**Market Share:** 5% (estimated, 2026) **Customer Satisfaction:** 4.5 out of 5 stars (industry comparison, 2025) **Research & Development Expenses:** 12% of revenue (2025) Docebo Inc. has gained a solid competitive advantage in the Learning Management Systems (LMS) sector through its specia...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated for 2026) **Insider Purchases:** No significant purchases in the last 12 months **Insider Sales:** 1.5 million CAD (estimated for 2026) The institutional investor share in Docebo Inc. is approximately 65%, indicating strong confidence from large inve...

What percentage market share does Docebo have?

**Market share of Docebo Inc.:** Estimated 5-7% (2026) **Top competitors and their market shares:** 1. **Cornerstone OnDemand:** 15% 2. **SAP SuccessFactors:** 12% 3. **Workday:** 10% 4. **Adobe (Adobe Captivate Prime):** 9% 5. **Blackboard:** 8% 6. **Docebo Inc.:** 5-7% 7. **TalentLMS:** 4% 8. **M...

Is Docebo stock currently a good investment?

**Revenue Growth:** 20% (2025) **Profit Growth:** 18% (2025) **Market Share in the E-Learning Sector:** 5% (2025) Docebo Inc. achieved a revenue growth of 20% in 2025, driven by the increasing demand for e-learning solutions and the continuous expansion of their product portfolio. The company...

Does Docebo pay a dividend – and how reliable is the payout?

**Dividend payment:** None (as of 2026) Docebo Inc. has not paid any dividends until the year 2026. The company is known for reinvesting its profits into business growth and expansion, particularly in research and development as well as market expansion. Docebo's strategy focuses on long-term...

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Docebo Stock Value

Docebo Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Docebo do?

Docebo Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Docebo Stock Value

Docebo Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Docebo do?

Docebo Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.