CVE:CTS - Converge Technology Solutions Corp. (CTS.V) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$8.81
  • Forecasted Upside: 36.63 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$6.45
▲ +0.29 (4.71%)
1 month | 3 months | 12 months
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Analyst Price Target for CTS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$8.81
▲ +36.63% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Converge Technology Solutions Corp. (CTS.V) in the last 3 months. The average price target is C$8.81, with a high forecast of C$9.50 and a low forecast of C$8.00. The average price target represents a 36.63% upside from the last price of C$6.45.
Buy
The current consensus among 3 polled investment analysts is to buy stock in Converge Technology Solutions Corp. (CTS.V). This rating has held steady since August 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/25/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/23/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/22/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/21/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/19/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/17/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/18/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
4/5/2021Raymond JamesBoost Price TargetOutperformC$7.75 ➝ C$8.75
i
4/5/2021Canaccord GenuityBoost Price TargetC$8.50 ➝ C$9.50
i
3/10/2021Raymond JamesSet Price TargetOutperformC$7.75
i
3/10/2021Canaccord GenuityBoost Price TargetC$8.00 ➝ C$8.50
i
3/10/2021Eight CapitalBoost Price TargetC$8.00 ➝ C$9.00
i
1/26/2021LaurentianBoost Price TargetC$6.25 ➝ C$8.00
i
1/19/2021Raymond JamesBoost Price TargetOutperformC$5.75 ➝ C$7.75
i
1/5/2021Raymond JamesBoost Price TargetOutperformC$4.75 ➝ C$5.75
i
1/5/2021Eight CapitalBoost Price TargetC$4.25 ➝ C$6.00
i
12/22/2020Raymond JamesSet Price TargetOutperformC$4.75
i
12/14/2020Raymond JamesSet Price TargetOutperformC$4.75
i
12/8/2020Raymond JamesBoost Price TargetOutperformC$3.75 ➝ C$4.75
i
11/10/2020Raymond JamesBoost Price TargetOutperformC$3.50 ➝ C$3.75
i
11/10/2020Eight CapitalBoost Price TargetC$4.00 ➝ C$4.25
i
11/10/2020LaurentianBoost Price TargetC$3.75 ➝ C$4.00
i
10/2/2020Raymond JamesSet Price TargetOutperformC$2.80
i
10/2/2020Eight CapitalBoost Price TargetC$3.00 ➝ C$3.25
i
9/15/2020LaurentianSet Price TargetBuyC$3.75
i
9/10/2020Raymond JamesBoost Price TargetOutperformC$2.35 ➝ C$2.80
i
8/7/2020Echelon Wealth PartnersReiterated RatingSpeculative Buy
i
Rating by R. Goff at Echelon Wealth Partners
(Data available from 4/17/2016 forward)
Converge Technology Solutions Corp. (CTS.V) logo
Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration, cloud optimization, and data center infrastructure. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; technology solutions, IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM solutions. It serves corporate and government institutions. The company has operations in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.
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Today's Range

Now: C$6.45
C$6.21
C$6.50

50 Day Range

MA: C$6.45
C$6.45
C$6.45

52 Week Range

Now: C$6.45
C$0.75
C$6.80

Volume

854,586 shs

Average Volume

1,025,432 shs

Market Capitalization

C$1.00 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Converge Technology Solutions Corp. (CTS.V)?

The following sell-side analysts have issued research reports on Converge Technology Solutions Corp. (CTS.V) in the last year: Canaccord Genuity, Echelon Wealth Partners, Eight Capital, Laurentian, and Raymond James.
View the latest analyst ratings for CTS.

What is the current price target for Converge Technology Solutions Corp. (CTS.V)?

4 Wall Street analysts have set twelve-month price targets for Converge Technology Solutions Corp. (CTS.V) in the last year. Their average twelve-month price target is C$8.81, suggesting a possible upside of 36.6%. Canaccord Genuity has the highest price target set, predicting CTS will reach C$9.50 in the next twelve months. Laurentian has the lowest price target set, forecasting a price of C$8.00 for Converge Technology Solutions Corp. (CTS.V) in the next year.
View the latest price targets for CTS.

What is the current consensus analyst rating for Converge Technology Solutions Corp. (CTS.V)?

Converge Technology Solutions Corp. (CTS.V) currently has 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CTS will outperform the market and that investors should add to their positions of Converge Technology Solutions Corp. (CTS.V).
View the latest ratings for CTS.

What other companies compete with Converge Technology Solutions Corp. (CTS.V)?

Other companies that are similar to Converge Technology Solutions Corp. (CTS.V) include 1411, Atlas Blockchain Group, Atos, Banxa, Cancom, Capgemini, Chinasoft International, Cirrus Networks, Comms Group, Computershare, Computershare, Converge Technology Solutions, COSOL, CPT Global and Credit Clear.

How do I contact Converge Technology Solutions Corp. (CTS.V)'s investor relations team?

The company's listed phone number is 416 360 1495. The official website for Converge Technology Solutions Corp. (CTS.V) is www.convergetp.com.