Mogo Inc. (MOGO:CN) (MOGO) PT Doubled to Cdn$15 at Raymond James on Coinsquare Deal

February 11, 2021 9:28 AM EST
Get Alerts MOGO Hot Sheet
Price: $7.96 -1.73%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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Raymond James analyst Steven Li raised the price target on Mogo Inc. (MOGO:CN) (NASDAQ: MOGO) to Cdn$15.00 (from Cdn$7.50) while maintaining an Outperform rating on deal to acquire 20% of Coinsquare with option to go to 40%.

The analyst commented, "... this is a great deal with positive valuation implications. They are taking a major equity stake in the 'Coinbase' of Canada. Notes that Mogo could increasingly become seen as another way to play BTC at a significantly lower relative multiple with upside from its consumer app/digital payments business."

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