Mogo valuation warrants more attention, says H.C. Wainwright

H.C. Wainwright analyst Scott Buck reiterates a Buy rating on Mogo with a $6 price target after meeting with management. The firm left feeling confident in the company’s ability to continue to push revenue higher while balancing costs, moving the business towards the “Rule of 40” over time. It recommends investors “take advantage of investor hesitancy and accumulate a position today ahead of strengthening operating results.” The stock’s “compelling valuation warrants more investor attention,” the analyst tells investors in a research note.