Mogo Finance Technology: Strong Q1 2025 Performance and Strategic Growth Positioning Reinforce Buy Rating

Mogo Finance Technology (MOGO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Buck from H.C. Wainwright maintained a Buy rating on the stock and has a $4.00 price target.

Scott Buck’s rating is based on Mogo Finance Technology’s strong financial performance and strategic investments in key growth areas. The company’s first-quarter results for 2025 exceeded expectations, with revenue surpassing forecasts and adjusted EBITDA showing improvement. This performance is attributed to robust growth trends in the wealth and payments sectors, with wealth revenue increasing by 41% and payments by 34% year over year.
Additionally, Mogo’s strategic use of AI to enhance efficiencies and its ability to invest in growth while maintaining positive adjusted EBITDA are positive indicators for future profitability. Despite the anticipated impact of exiting the institutional brokerage business, Mogo is expected to emerge as a high-growth fintech company by the end of 2025. The company’s strong balance sheet, with significant liquidity, positions it well for potential mergers and acquisitions or share repurchases, further supporting the Buy rating and $4 price target.