11:00:44 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Converge Technology Solutions Corp
Symbol CTS
Shares Issued 209,133,903
Close 2023-06-27 C$ 3.06
Market Cap C$ 639,949,743
Recent Sedar Documents

Globe says Converge Technology maintained at "buy"

2023-06-28 07:42 ET - In the News

The Globe and Mail reports in its Wednesday, June 28, edition that Eight Capital analysts Adhir Kadve and Christian Sgro see momentum building at enterprise software companies employing generative artificial intelligence. The Globe's David Leeder writes in the Eye On Equities column that the analysts call it a "secular growth theme" that "will dominate the technology narrative for the foreseeable future." To gain exposure to the trend the Eight Capital analysts recommend Converge Technology Solutions, which they rate "buy," with a $7 share target. Analysts on average target the shares at $5.73. The analysts say in a note: "Converge is a leading IT service provider for the mid-market, offering advisory, resell, and managed services solutions. The company's advanced analytics practice has been a growth area for the company, with deep technical skills across data visualization, data integration, and other areas. Converge has a large team of data scientists and a diversified set of partner vendors, offering expertise and recommendations that add substantial value to mid-market clients." The Globe reported on June 7 that Echelon Capital analyst Rob Goff rated Converge "buy." It was then worth $3.47.

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