H.C. Wainwright lowered the firm’s price target on Mogo (MOGO) to $4 from $6 and keeps a Buy rating on the shares. The firm acknowledges market conditions for small capitalization technology stocks remain “challenging,” but believes investors should see a higher growth, higher margin business beginning in 2026 as the company executes on its strategy, citing lower revenue expectations for it price target cut.
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Read More on MOGO:
- Mogo Inc. Reports Strong Growth in Wealth and Payments
- Mogo now sees FY25 adjusted EBITDA $5M-$6M
- Mogo Inc. Reports Strong Q4 2024 Results with Strategic Growth in Wealth and Payments
- Mogo now sees ubscription/services revenue to decrease by approximately 5-8%
- Mogo reports Q4 adjusted EBITDA $2.1M vs. $2.7M last year
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