I'd Aim for $1 Million by Buying Just These 3 TSX Stocks [Yahoo! Finance Canada]
Docebo Inc. - Common Shares (DCBO)
Company Research
Source: Yahoo! Finance Canada
While it's prudent to hold the majority of your equity investments in passively managed low-cost exchange-traded funds , Canadians can allocate a portion of their savings towards growth stocks that have the potential to deliver outsized gains. Investing in growth stocks is a proven strategy to build long-term wealth and accelerate your retirement plans. Here are three such top TSX stocks you can buy and aim for $1 million in cumulative returns. Docebo stock Valued at a market cap of $1.83 billion, Docebo TSX:DCBO ) is part of the e-learning segment. Docebo provides a cloud-based management system to train internal and external workforces, partners, and customers globally. Docebo is a SaaS (software-as-a-service) company, which allows it to generate recurring sales across market cycles. It has increased sales from US$41.4 million in 2019 to US$200.2 million in the last 12 months. An asset-light model and gross margins of over 80% have now allowed Docebo to report consistent
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News
- High Growth Tech Stocks To Watch In September 2024 [Yahoo! Finance]Yahoo! Finance
- 3 TSX Stocks to Buy in This Bullish Market [Yahoo! Finance Canada]Yahoo! Finance Canada
- High Growth Canadian Tech Stocks To Watch This September 2024 [Yahoo! Finance]Yahoo! Finance
- Exploring Constellation Software And Two Other High Growth Canadian Tech Stocks [Yahoo! Finance]Yahoo! Finance
- 2 Lucrative SaaS Stocks to Own This September [Yahoo! Finance Canada]Yahoo! Finance Canada
DCBO
Sec Filings
- 9/10/24 - Form 6-K
- 8/8/24 - Form 6-K
- DCBO's page on the SEC website