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Bullboard - Stock Discussion Forum Mogo Inc T.MOGO

Alternate Symbol(s):  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... see more

TSX:MOGO - Post Discussion

Mogo Inc > Raymond James - $15.00 price target
View:
Post by ndiamond on Apr 16, 2021 11:16am

Raymond James - $15.00 price target

I have been buying a fair bit today.   At these levels, will make very good $...


CANADA RESEARCH PUBLISHED BY RAYMOND JAMES LTD.

 

 

MOGO INC. (MOGO-TSX | C$9.93)

Completes Investment in Coinsquare; Timely Given Coinbase IPO

STEVEN LI, CFA  416.777.4918

VIEW FULL REPORT

 

 

 

RATING

Outperform 2

TARGET

C$15.00

SUITABILITY

MA/ACC

MARKET CAP (MLN)

C$652

ESTIMATES

2021E EPS C$(0.72)

 

2022E EPS C$(0.47)

 

 

Mogo has taken a major equity stake in the “Coinbase” of Canada. They see crypto as a key part of next-gen financial services, so they are vertically integrating on crypto, acquiring a partner they want to own in a derisked way. Based on where Voyager Digital and Coinbase are trading, we calculate there is ~$6-7/share in Mogo stock that can be attributed to this stake in Coinsquare. No change to our target price which already reflected Coinsquare.

 

 

 

April 16, 2021

Comment by stever50 on Apr 18, 2021 5:32pm
So when is this gonna jump back??