Mogo Inc MOGO

Primary Symbol: T.MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company also offer a digital payments platform that powers card programs for both established global corporations and fintech companies in Europe and Canada.

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Post by ndiamondon Jan 11, 2022 1:31pm

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Post# 34304454

BTIG - morning note -- $13 USD target price

JANUARY 11, 2022

Mogo, Inc. (MOGO) Buy, $13 PT

Flash Note: MOGO Expands Into NFT Space With Strategic Investment in NFT Trader, Deal Includes Option for MOGO to Increase Interest in Peer-to-Peer, OTC Trading Platform to 50% in Next Six Months

WHAT YOU SHOULD KNOW:

Mogo (MOGO) this morning announced that it was making its first foray into the non-fungible token (NFT) space with a strategic investment in NFT Trader (Private), a Canadian firm that operates a peer-to-peer, over-the-counter (OTC) NFT trading platform. We view NFTs as a natural extension of MOGO’s platform beyond the facilitation of trading equities and cryptocurrencies, and we expect shares of MOGO to respond favorably to the news of the expansion during today’s trading session.