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Converge Technology Solutions - CTS Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$8.48
  • Forecasted Upside: 111.98%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
C$4.00 As of 03/30/2023 01:00 AM ET
+0 (0.00%)

This chart shows the closing price for CTS by one month, three months, or twelve months.

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Analyst Price Target for CTS

Analyst Price Target is C$8.48
▲ +111.98% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Converge Technology Solutions in the last 3 months. The average price target is C$8.48, with a high forecast of C$14.50 and a low forecast of C$5.25. The average price target represents a 111.98% upside from the last price of C$4.00.

This chart shows the closing price for CTS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 7 investment analysts is to buy stock in Converge Technology Solutions. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/6/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/4/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/4/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/3/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/1/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/30/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/28/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/30/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/17/2023National BanksharesLower TargetOutperformC$8.00 ➝ C$7.00
3/16/2023ScotiabankLower TargetC$8.00 ➝ C$7.00
2/16/2023National BanksharesLower TargetOutperformC$10.00 ➝ C$8.00
2/15/2023Raymond JamesLower TargetOutperformC$8.50 ➝ C$7.00
2/15/2023CormarkLower TargetC$9.00 ➝ C$8.00
2/15/2023BMO Capital MarketsLower TargetC$8.00 ➝ C$7.50
2/15/2023Canaccord Genuity GroupLower TargetC$10.50 ➝ C$8.50
2/13/2023ScotiabankLower TargetC$10.00 ➝ C$8.00
12/12/2022CIBCLower TargetC$7.00 ➝ C$5.25
12/2/2022Berenberg BankLower TargetC$14.00 ➝ C$9.50
11/11/2022BMO Capital MarketsLower TargetC$9.00 ➝ C$8.00
11/11/2022ScotiabankLower TargetC$11.00 ➝ C$10.00
11/10/2022Eight CapitalLower TargetC$11.00 ➝ C$10.00
11/10/2022Canaccord Genuity GroupLower TargetC$12.00 ➝ C$10.50
11/10/2022CIBCLower TargetNeutralC$8.00 ➝ C$7.00
11/10/2022CormarkLower TargetC$10.00 ➝ C$8.00
11/10/2022TD SecuritiesUpgradeHold ➝ BuyC$8.50 ➝ C$6.50
11/1/2022National BanksharesLower TargetOutperformC$12.00 ➝ C$10.00
10/28/2022Raymond JamesLower TargetC$9.50 ➝ C$8.50
10/28/2022ScotiabankLower TargetC$12.00 ➝ C$11.00
8/11/2022CIBCBoost TargetNeutralC$7.00 ➝ C$8.00
8/10/2022Raymond JamesLower TargetOutperformC$12.50 ➝ C$9.50
8/4/2022Eight CapitalLower TargetBuyC$14.50 ➝ C$11.00
8/3/2022ScotiabankBoost TargetC$11.00 ➝ C$12.00
7/25/2022ScotiabankLower TargetC$14.00 ➝ C$11.00
7/21/2022National BanksharesLower TargetOutperformC$14.00 ➝ C$12.00
6/27/2022CormarkLower TargetNAC$11.50 ➝ C$10.00
6/21/2022Laurentian Bank of CanadaReiterated RatingBuyC$11.00
6/14/2022CIBCLower TargetC$11.00 ➝ C$7.00
5/31/2022Berenberg BankLower TargetC$18.25 ➝ C$14.00
5/12/2022Canaccord Genuity GroupLower TargetC$14.50 ➝ C$12.00
5/12/2022TD SecuritiesLower TargetHoldC$12.00 ➝ C$8.50
5/12/2022Raymond JamesSet TargetOutperformC$12.50
4/27/2022National BanksharesSet TargetOutperformC$14.00
4/26/2022National Bank FinancialReiterated RatingOutperfrom Under Weight
4/7/2022Echelon Wealth PartnersReiterated RatingBuyC$14.50
3/29/2022Raymond JamesSet TargetOutperformC$12.50
3/24/2022TD SecuritiesLower TargetHoldC$13.00 ➝ C$12.00
3/23/2022DesjardinsReiterated RatingBuy
3/23/2022Echelon Wealth PartnersReiterated RatingBuyC$14.50
2/18/2022Raymond JamesReiterated RatingOutperformC$12.50
2/18/2022Raymond JamesSet TargetOutperformC$12.50
2/10/2022Raymond JamesReiterated RatingOutperformC$12.50
2/10/2022Raymond JamesSet TargetOutperformC$12.50
1/31/2022CIBCLower TargetC$12.50 ➝ C$11.00
1/11/2022Raymond JamesReiterated RatingOutperformC$12.50
1/11/2022DesjardinsBoost TargetC$14.25
1/11/2022Raymond JamesSet TargetOutperformC$12.50
1/11/2022ScotiabankBoost TargetC$13.00 ➝ C$14.00
12/16/2021TD SecuritiesSet TargetHoldC$13.00
12/14/2021TD SecuritiesInitiated CoverageHoldC$13.00
12/13/2021CIBCSet TargetNeutralC$12.50
11/15/2021Berenberg BankReiterated RatingBuyC$18.25
11/15/2021Berenberg BankSet TargetBuyC$18.25
11/12/2021Raymond JamesSet TargetOutperformC$12.50
11/12/2021CormarkLower TargetC$14.00 ➝ C$12.75
11/12/2021LaurentianLower TargetC$13.75 ➝ C$12.50
11/12/2021Laurentian Bank of CanadaBoost TargetBuyC$12.50
11/12/2021CormarkBoost TargetBuyC$12.75
11/11/2021Echelon Wealth PartnersReiterated RatingSpeculative Buy
10/19/2021ScotiabankSet TargetOutperformC$14.00
10/19/2021Raymond JamesSet TargetOutperformC$12.50
10/15/2021Echelon Wealth PartnersInitiated CoverageBuyC$14.50
10/1/2021Echelon Wealth PartnersInitiated CoverageBuyC$14.50
9/2/2021Laurentian Bank of CanadaBoost TargetBuyC$13.75
9/2/2021CormarkLower TargetBuyC$14.00
9/2/2021LaurentianBoost TargetC$13.25 ➝ C$13.75
8/12/2021CormarkLower TargetC$14.25
8/6/2021Laurentian Bank of CanadaBoost TargetC$11.75 ➝ C$13.25
8/6/2021Raymond JamesBoost TargetOutperformC$12.50
8/6/2021LaurentianBoost TargetC$11.75 ➝ C$13.25
7/2/2021Raymond JamesBoost TargetOutperformC$10.75
7/2/2021Laurentian Bank of CanadaReiterated RatingBuyC$11.75
7/2/2021CormarkBoost TargetBuyC$11.50
7/2/2021Raymond JamesSet TargetOutperformC$10.75
7/2/2021LaurentianBoost TargetC$11.00 ➝ C$11.75
6/24/2021CormarkBoost TargetBuyC$11.00
6/23/2021Raymond JamesReiterated RatingOutperformC$8.75
6/23/2021Raymond JamesSet TargetOutperformC$8.75
6/4/2021CormarkLower TargetBuyC$10.25
6/4/2021Laurentian Bank of CanadaReiterated RatingBuyC$9.25
6/4/2021LaurentianSet TargetC$9.25
5/12/2021Eight CapitalBoost TargetNAC$11.00
5/12/2021Raymond JamesReiterated RatingOutperformC$8.75
5/12/2021Raymond JamesSet TargetOutperformC$8.75
4/30/2021CormarkReiterated RatingBuyC$9.50
4/30/2021CormarkSet TargetBuyC$9.50
4/5/2021Raymond JamesBoost TargetOutperformC$7.75 ➝ C$8.75
3/19/2021DesjardinsReiterated RatingBuy
3/10/2021Raymond JamesSet TargetOutperformC$7.75
3/10/2021Eight CapitalBoost TargetC$8.00 ➝ C$9.00
1/26/2021LaurentianBoost TargetC$6.25 ➝ C$8.00
1/19/2021Raymond JamesBoost TargetOutperformC$5.75 ➝ C$7.75
1/5/2021Raymond JamesBoost TargetOutperformC$4.75 ➝ C$5.75
1/5/2021Eight CapitalBoost TargetC$4.25 ➝ C$6.00
12/22/2020Raymond JamesSet TargetOutperformC$4.75
12/14/2020Raymond JamesSet TargetOutperformC$4.75
12/8/2020Raymond JamesBoost TargetOutperformC$3.75 ➝ C$4.75
11/10/2020Raymond JamesBoost TargetOutperformC$3.50 ➝ C$3.75
11/10/2020Eight CapitalBoost TargetC$4.00 ➝ C$4.25
11/10/2020LaurentianBoost TargetC$3.75 ➝ C$4.00
10/2/2020Raymond JamesSet TargetOutperformC$2.80
10/2/2020Eight CapitalBoost TargetC$3.00 ➝ C$3.25
9/15/2020LaurentianSet TargetBuyC$3.75
9/10/2020Raymond JamesBoost TargetOutperformC$2.35 ➝ C$2.80
8/7/2020Echelon Wealth PartnersReiterated RatingSpeculative Buy
(Data available from 3/30/2018 forward)

News Sentiment Rating

0.85 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 6 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/1/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/1/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/31/2022
  • 8 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/30/2022
  • 1 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/30/2022
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/29/2023
  • 5 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/28/2023
  • 5 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/30/2023

Current Sentiment

  • 5 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Converge Technology Solutions logo
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company engages in the networking, virtualization, storage, disaster recovery, and continuous replication of critical applications, infrastructure, data, and systems that assist clients in the deployment of data centres; assessment, design, architecture, and optimization of public and private cloud options; and provision of email, voice, and video communication technologies, as well as enterprise networking, security, and infrastructure products. It also offers desktop, laptops, computing peripherals, and other computing needs; mobile location-based technologies; and software solutions built using blockchain technology and solution architecture in the areas of privacy, access, and identity management. In addition, the company provides managed and hosted, cyber security, cloud computing and analytics, systems architecture, professional, staffing, and lifecycle and desktop recovery services. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada.
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Today's Range

Now: C$4.00
Low: C$3.93
High: C$4.05

50 Day Range

MA: C$4.87
Low: C$3.91
High: C$6.04

52 Week Range

Now: C$4.00
Low: C$3.60
High: C$10.68

Volume

735,682 shs

Average Volume

1,072,510 shs

Market Capitalization

C$835.24 million

P/E Ratio

33.33

Dividend Yield

N/A

Beta

1.99

Frequently Asked Questions

What sell-side analysts currently cover shares of Converge Technology Solutions?

The following sell-side analysts have issued research reports on Converge Technology Solutions in the last year: Berenberg Bank, BMO Capital Markets, Canaccord Genuity Group Inc., CIBC, Cormark, Echelon Wealth Partners, Eight Capital, Laurentian Bank of Canada, National Bank Financial, National Bankshares, Inc., Raymond James, Scotiabank, and TD Securities.
View the latest analyst ratings for CTS.

What is the current price target for Converge Technology Solutions?

12 Wall Street analysts have set twelve-month price targets for Converge Technology Solutions in the last year. Their average twelve-month price target is C$8.48, suggesting a possible upside of 112.0%. Echelon Wealth Partners has the highest price target set, predicting CTS will reach C$14.50 in the next twelve months. CIBC has the lowest price target set, forecasting a price of C$5.25 for Converge Technology Solutions in the next year.
View the latest price targets for CTS.

What is the current consensus analyst rating for Converge Technology Solutions?

Converge Technology Solutions currently has 1 hold rating and 6 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.
View the latest ratings for CTS.

What other companies compete with Converge Technology Solutions?

Other companies that are similar to Converge Technology Solutions include Softchoice, Solium Capital, Sylogist, Evertz Technologies and Dye & Durham. Learn More about companies similar to Converge Technology Solutions.

How do I contact Converge Technology Solutions' investor relations team?

The company's listed phone number is 416 360 1495. The official website for Converge Technology Solutions is www.convergetp.com. Learn More about contacing Converge Technology Solutions investor relations.