Latest from Mackie Research analyst Canadian Tech Capital Markets & Company News
Mogo (MOGO-T, SPECULATIVE BUY/ $12 Target) - resuming coverage post recent equity raise. Mogo closed its ~$26 mln stock public offering on Dec 28th, as expected. We have updated our model for the recent financing -- no change to revenue, EBITDA estimates; for now. Our estimates do not include any contribution from new products, including the planned Q1/18 Bitcoin launch, which could aid revenue & valuation. We eagerly await positive 2018 product related announcements in this regard and expect positive news in Q1/18.
Mogo (MOGO-T, SPECULATIVE BUY/ $12 Target) to make buying Bitcoin simple and more accessible for Canadians.