TSX:MOGO - Post Discussion
Mogo Inc
> BTIG (USA) - initiating coverage on MOGO - $13 USD target
Post by
ndiamond on Jun 16, 2021 1:44am
BTIG (USA) - initiating coverage on MOGO - $13 USD target
This brokerage firm has a
very strong insitutional following in the USA...
JUNE 15, 2021 | Mogo, Inc. (MOGO) Buy, $13 PT | Initiating at Buy with $13 PT; Emerging FinTech “Super App” Offers Plays on Digital Disruption of Canadian Financial Services Space, Increasing Adoption of Crypto; Upside from Coinsquare Stake Underappreciated | | WHAT YOU SHOULD KNOW: | We are initiating coverage of Mogo (MOGO) with a Buy rating and a price target of $13 based on a sum-of-the parts (SOTP) analysis in which we value the company at $8 per share (9x EV/revenue based on the company’s FY23E net revenues) while valuing its stake in cryptocurrency exchange Coinsquare (Private) at $5 per share. We believe MOGO offers an attractive means through which investors can play both the digital disruption of the Canadian financial services industry and the increasing adoption of bitcoin and other cryptocurrencies. | | | | |
JUNE 15, 2021 | Mogo, Inc. (MOGO) Buy, $13 PT | Initiating at Buy with $13 PT; Emerging FinTech “Super App” Offers Plays on Digital Disruption of Canadian Financial Services Space, Increasing Adoption of Crypto; Upside from Coinsquare Stake Underappreciated | | WHAT YOU SHOULD KNOW: | We are initiating coverage of Mogo (MOGO) with a Buy rating and a price target of $13 based on a sum-of-the parts (SOTP) analysis in which we value the company at $8 per share (9x EV/revenue based on the company’s FY23E net revenues) while valuing its stake in cryptocurrency exchange Coinsquare (Private) at $5 per share. We believe MOGO offers an attractive means through which investors can play both the digital disruption of the Canadian financial services industry and the increasing adoption of bitcoin and other cryptocurrencies. | | | | |
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