CAD3.23
1.52% today
Toronto, Dec 30, 10:00 pm CET
ISIN
CA21250C1068
Symbol
CTS
Sector
Industry

Converge Technology Solutions Target price 2024 - Analyst rating & recommendation

Converge Technology Solutions Classifications & Recommendation:

Buy
64%
Hold
36%

Converge Technology Solutions Price Target

Target Price CAD5.04
Price CAD3.28
Potential
Number of Estimates 11
11 Analysts have issued a price target Converge Technology Solutions 2025 . The average Converge Technology Solutions target price is CAD5.04. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 7 Analysts recommend Converge Technology Solutions to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Converge Technology Solutions stock has an average upside potential 2025 of . Most analysts recommend the Converge Technology Solutions stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 2.71 2.54
24.97% 6.10%
EBITDA Margin 6.16% 6.24%
2.32% 1.32%
Net Margin -0.07% -6.18%
106.16% 8,527.86%

10 Analysts have issued a sales forecast Converge Technology Solutions 2024 . The average Converge Technology Solutions sales estimate is

CAD2.5b
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. This is
0.87% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD2.6b 0.57%
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, the lowest is
CAD2.5b 1.93%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD2.7b 24.97%
2024
CAD2.5b 6.10%
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2025
CAD2.6b 1.72%
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2026
CAD2.6b 1.32%
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2027
CAD2.7b 3.98%
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11 Analysts have issued an Converge Technology Solutions EBITDA forecast 2024. The average Converge Technology Solutions EBITDA estimate is

CAD158m
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. This is
1.19% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD161m 0.55%
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, the lowest is
CAD154m 3.75%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 CAD167m 22.07%
2024
CAD158m 4.92%
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2025
CAD168m 5.95%
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2026
CAD181m 7.90%
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2027
CAD192m 5.81%
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EBITDA Margin

2023 6.16% 2.32%
2024
6.24% 1.32%
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2025
6.50% 4.17%
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2026
6.92% 6.46%
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2027
7.04% 1.73%
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2 Converge Technology Solutions Analysts have issued a net profit forecast 2024. The average Converge Technology Solutions net profit estimate is

CAD-157m
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. This is
1.22% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD-157m 1.22%
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, the lowest is
CAD-157m 1.22%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD-1.9m 107.69%
2024
CAD-157m 7,999.81%
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2025
CAD32.9m 120.99%
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2026
CAD73.6m 123.53%
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Net Margin

2023 -0.07% 106.16%
2024
-6.18% 8,527.86%
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2025
1.27% 120.55%
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2026
2.81% 121.26%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share CAD -0.01 -0.81
107.69% 8,000.00%
P/E negative
EV/Sales 0.30

2 Analysts have issued a Converge Technology Solutions forecast for earnings per share. The average Converge Technology Solutions <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD-0.81
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. This is
1.22% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD-0.81 1.22%
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, the lowest is
CAD-0.81 1.22%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD-0.01 107.69%
2024
CAD-0.81 8,000.00%
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2025
CAD0.17 120.99%
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2026
CAD0.38 123.53%
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P/E ratio

Current -4.02 94.88%
2024
-4.05 0.75%
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2025
19.29 576.30%
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2026
8.63 55.26%
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Based on analysts' sales estimates for 2024, the Converge Technology Solutions stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.29 32.56%
2024
0.30 2.34%
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2025
0.29 1.68%
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2026
0.29 1.34%
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2027
0.28 3.82%
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P/S ratio

Current 0.24 21.22%
2024
0.25 0.86%
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2025
0.24 1.66%
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2026
0.24 1.32%
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2027
0.23 3.81%
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