Buy, Sell or Hold: Converge Technology Solutions (CTS-T)

TSE:CTS

9.05

0.55 (5.73%) 1d

Showing 1 to 15 of 21 entries

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Continues to like this company. Remains a profitable tech consulting company with strong growth. Cash position is strong and valuation is cheap. Management is disciplined and their acquisition strategy is clear. Good upside is expected over the next few years. Could see multiple expansion. Unlock Premium - Try 5i Free

Technology

DON'T BUY

CTS vs. ASAN Go with ASAN, it's the cutting edge company out there for collaboration and work management. These days, go with the larger companies. ASAN's market cap is only 13B, but it has heavy hitters at the top. His 12-month price target is $103.40.

Technology

COMMENT

IT consulting. Growth by acquisition. Very positive over the long term. Europe growth will be successful.

Technology

BUY

They own a lot of this. The services side of technology has done well. Digitization and cloud adoption fit well for their acquisition strategy and they just invested in Europe. A lot of opportunity going forward.

Technology

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their growth strategy is primarily acquisitive. They also see tailwinds from rising demand for software and IT services. Management has a clear plan and has met targets well. There is room for greater institutional ownership over time. Unlock Premium - Try 5i Free

Technology

BUY on WEAKNESS

End-to-end IT service providers. Very local. Caters to smaller businesses. Acts like a consultant. Blockchain solutions and IT spend optimization solutions. Price target of $13.50. Don't buy here. Tempting around $10.25 and ladder it in.

Technology

BUY

Growth by acquisition story. In the business solution business. As long as this continue to grow, they will generate cash. One source of concern was issuing equity to fund acquisitions. Did not think it was a high quality business but they have continued to make acquisitions and this should continue to work.

Technology

BUY

It has been a little volatile recently because of weakness on their Q3 revenue side. He thinks there is upside over the next three to five years.

Technology

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has a relatively low valuation and long track record of top-line growth. They also hold good levels of cash. A more stable stock relatively. Can add to CTS here. Unlock Premium - Try 5i Free

Technology

BUY

Focus had been in NA. Now looking at Europe. Raised more money yesterday. Great job of acquisitions. Multiple is fairly high. Not the highest margin business, so they have to pull out synergies. War chest of cash for more acquisitions.

Technology

TOP PICK

IT solutions provider, active in North America: data analytics, cloud migration and various tech services. He has been screaming about it since $2. It just announced its first acquisition outside North America. They recently announced great guidance that leads him to think double or trouble in the next few years. (Analysts’ price target is $13.53)

Technology

RISKY BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A higher risk name but offers good growth potential given its size and industry. Trades at 1.2x sales and 38x earnings, which is cheap. Good growth is expected. Unlock Premium - Try 5i Free

Technology

TOP PICK

They are consolidating, 22 acquisitions completed. When they buy a company they can take costs out immediately and take advantage of cross selling. (Analysts’ price target is $11.28)

Technology

BUY

It is one of her larger holdings. The market has started to pick up on the story a little bit. She feels there is still a lot of runway here.

Technology

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A software-based IT and cloud solutions provider. Has completed numerous acquisitions since 2017. Strong revenue growth over the past quarters and increasing margins. A high demand space and it continues to grow revenues and execute increasing margins. Momentum should continue. Unlock Premium - Try 5i Free

Technology

Showing 1 to 15 of 21 entries

Converge Technology Solutions(CTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 15

Stockchase rating for Converge Technology Solutions is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Converge Technology Solutions(CTS-T) Frequently Asked Questions

What is Converge Technology Solutions stock symbol?

Converge Technology Solutions is a Canadian stock, trading under the symbol CTS-T on the Toronto Stock Exchange (CTS-CT). It is usually referred to as TSX:CTS or CTS-T

Is Converge Technology Solutions a buy or a sell?

In the last year, 15 stock analysts published opinions about CTS-T. 14 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Converge Technology Solutions.

Is Converge Technology Solutions a good investment or a top pick?

Converge Technology Solutions was recommended as a Top Pick by on . Read the latest stock experts ratings for Converge Technology Solutions.

Why is Converge Technology Solutions stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Converge Technology Solutions worth watching?

15 stock analysts on Stockchase covered Converge Technology Solutions In the last year. It is a trending stock that is worth watching.

What is Converge Technology Solutions stock price?

On 2022-01-18, Converge Technology Solutions (CTS-T) stock closed at a price of $9.05.

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