Converge Technology Solutions (CTS.TO) Buy,…

Converge Technology Solutions (CTS.TO)

5.99

-0.00 (0.00%)

as of Apr 23, 2025, 8:00:00 pm Market Open.

65 watching

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Continues to view the name positively.The weakness is probably from the bad market for tech and growth than with the company itself. Benefits from many tailwinds such as organisations transforming their data processes. Acquisition strategy is very disciplined. Unlock Premium - Try 5i Free

PARTIAL BUY

Not in his fund, but in separately managed accounts. Regionally focused, end-to-end IT service provider. An acquirer. Horizontal offerings, whereas CSU is more vertical. Buy in thirds here around $9.30, 8.75, and 8.25. Put a stop around $8. (Analysts’ price target is $12.32)

PAST TOP PICK

(A Top Pick Aug 16/21, Down 10%) A fast-growing IT services company, founded in 2017 and now generates $2 billion in revenues. Early Q4 results were better than expected. It's growing quickly and he expects more growth in North America and Europe. Management guides $5 billion annually in revenues by 2025 with $500 million of EBITDA. If so, the stock will hit $25.

HOLD

Believes company has long runway of acquisition opportunities. Organic revenue growth continues to increase. Recent tech selloff not affecting business. Increased cash flow will present more opportunities to grow for company. Will continue to hold.

BUY

Great Canadian story. Build up a portfolio of IT service providers, allowing them to offer multi-vendor tech solutions. 2.2B company. 20% from here, average analyst price target of $12.32.

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

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.

COMMENT

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

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.

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

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.

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.

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.

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

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.

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Converge Technology Solutions (CTS.TO)