Mogo Inc T.MOGO

Raymond James increases MOGO target to $4.50

[ndiamond]

MOGO INC. (MOGO-TSX | C$3.41)

Bitcoin Activity Benefits Multiple Ways

STEVEN LI, CFA  416.777.4918

RATING	Outperform 2
TARGET	C$4.50
SUITABILITY	High Risk/ Growth
MARKET CAP (MLN)	C$132
ESTIMATES	2020E EPS C$(0.40)
	2021E EPS C$(0.24)

[ndiamond]

With Mogo shares on a strong run (+66% since our initiation in July — please see our launch "MOGO | In Transition: Plenty Of Upside If They Execute" vs. TSX +6%), we are providing an update given recent developments. We are also updating our target using a slightly higher multiple as we believe recent Bitcoin activity likely drives incremental revenues and overall engagement and

[Adwari]

Is that $4.50 US or CND?  It is almost treading at $4.50