Converge Technology Solutions Corp (CTS – Research Report), the Technology company, was revisited by a Wall Street analyst today. Analyst Rob Goff from Echelon Wealth Partners remains bullish on the stock and has a C$5.40 price target.
Goff has an average return of 65.9% when recommending Converge Technology Solutions Corp.
According to TipRanks.com, Goff is ranked #231 out of 8551 analysts.
Converge Technology Solutions Corp has an analyst consensus of Strong Buy, with a price target consensus of C$5.23.
The company has a one-year high of C$7.51 and a one-year low of C$2.59. Currently, Converge Technology Solutions Corp has an average volume of 1.11M.
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has two reportable segments: the United States and Canada. The majority of its revenue is generated from product sales in the United States.
The company’s shares closed last Wednesday at C$2.90, close to its 52-week low of C$2.59.
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