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DCBODocebo Inc.Sell6.4·$19.37+2.00%
SellModerate Confidence
Investment thesis

Docebo combines a consistent earnings beat streak, compounder-quality fundamentals, and a cheap valuation with a confirmed technical downtrend that has hard-blocked new buying under the engine's death-cross gate.

Thesis pillars

  • Strong Growth Profile Analyst UpsideStable
  • Attractive Valuation Compounder QualityStable
  • Consistent Earnings Beat StreakStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Docebo Inc. (DCBO) Stock Analysis

Recovery setup · Catalyst-Driven edge

SellValueGrowthQualityModerate Confidence

Technology · Software - Application

Sell if holding. Engine safety override at $19.37: Risk below floor (2.9 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10 and A.R:R 2.2:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.00; Negative price momentum; Below long-term trend.

Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally. The company's cloud platform consists of a learning suite, which includes Docebo Learn platform, a cloud-based learning platform that allows learning... Read more

$19.37+29.2% A.UpsideScore 6.4/10#19 of 125 Software - Application
QualityF-score8 / 9FCF yield8.76%
Stop $18.01Target $25.03(analyst − 13%)A.R:R 2.2:1
Analyst target$28.77+48.5%11 analysts
$25.03our TP
$19.37price
$28.77mean
$38

Sell if holding. Engine safety override at $19.37: Risk below floor (2.9 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10 and A.R:R 2.2:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.00; Negative price momentum; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 56. Score 6.4/10, moderate confidence.

Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-07-25
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Fri, Aug 7, 202613d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Risk below floor (2.9 < 3.0)

Key Metrics

P/E (TTM)16.3
P/E (Fwd)9.7
Mkt Cap$492M
EV/EBITDA17.4
Profit Mgn13.7%
ROE132.8%
Rev Growth14.5%
Beta0.74
DividendNone
Rating analysts16

Quality Signals

Piotroski F8/9MoatWideCompounder

Options Flow

P/C2.00bearish
IV59%elevated
Max Pain$13-35.5% vs spot

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

3 floor-breakers

Risk profile below the gate floor. Component breakdown shows what dragged the score down.static

Put Call
0.0
Volatility
0.1
Days To Cover
2.3
Max Pain Risk
3.0
Implied Vol
3.5
Beta
8.6
Elevated put/call: 2.00Above max pain $12

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

52w Position
1.6
Bollinger
2.7
Support Resistance
3.7
Gap
5.0

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Volume
0.1
Obv
1.0
Rsi
4.5
Ma Position
6.0
Macd
7.9
Volume distribution (falling OBV)Below 200-MA, MA slope -7.9%/30d — confirmed downtrend
GatesMomentum 3.9<4.5Death cross (50MA < 200MA)EARNINGS PROXIMITY 13d<=14d (soft)A.R:R 2.2 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRecoverySuitability: Speculative
RSI
56 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $16.76Resistance $20.89

Price Targets

$18
$25
A.Upside+29.2%
A.R:R2.2:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Risk below floor (2.9 < 3.0)
! momentum at 3.9 (below the engine's 4.5 threshold)
! Death cross — 50-day MA below 200-day MA

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-07 (13d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is DCBO stock a buy right now?

Sell if holding. Engine safety override at $19.37: Risk below floor (2.9 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10 and A.R:R 2.2:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.00; Negative price momentum; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 56. Prior stop was $18.01. Score 6.4/10, moderate confidence.

What is the DCBO stock price target?

Take-profit target: $25.03 (+29.2% upside). Prior stop was $18.01. Stop-loss: $18.01.

What are the risks of investing in DCBO?

Risk below floor (2.9 < 3.0).

Is DCBO overvalued or undervalued?

Docebo Inc. trades at a P/E of 16.3 (forward 9.7). TrendMatrix value score: 8.1/10. Verdict: Sell.

What do analysts say about DCBO?

16 analysts cover DCBO with a consensus score of 4.0/5. Average price target: $29.

What does Docebo Inc. do?Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and...

Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally. The company's cloud platform consists of a learning suite, which includes Docebo Learn platform, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Content Marketplace, an access to off-the-shelf learning content and provide predeveloped learning content; Insights module allows organizations to understand the results of learning programs with data visualizations; Learning Evaluation module to incorporate the learner's perspective into analyses by collection of feedback; and Advanced Analytics Pack to integrate learning data into data ecosystem and BI tool. It also offers Communities module enabling interactive learner communities; eCommerce module that monetize from digital training contents, as well as manage and sells training offerings; eCommerce module to monetize training programs; Docebo Integrations; Headless Learning allows businesses to build learning experiences outside of the Docebo learning environment; Harmony Search, an AI-powered search capability. In addition, the company provides Docebo Creator enables organizations to design, scale, and deploy learning contents; Docebo for Salesforce, an integration of Salesforce's APIs and technology architecture to deliver a learning experience within Salesforce workflows; Docebo Embed (OEM) enables original equipment manufacturers to embed and resell the Docebo learning platform; Docebo Branded Mobile App Publisher, allows organizations to create and distribute a branded version of Docebo's mobile learning application; Docebo Extended Enterprise supports customer education, partner enablement, and retention by enabling organizations to train external audiences from a single LMS; and Docebo for Microsoft Teams. The company was founded in 2005 and is headquartered in Toronto, Canada.

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