HC Wainwright & Co. Maintains Buy Rating for Mogo: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
HC Wainwright & Co. has maintained its Buy rating for Mogo (NASDAQ:MOGO) but lowered its price target from $12.00 to $8.00. Mogo's shares are currently trading up 2.03% at $1.51 per share. A move to $8.00 would represent a 429.8% increase from the current share price.
October 05, 2023 | 5:00 pm
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Despite the lowered price target, the maintained Buy rating from HC Wainwright & Co. could still be a positive signal for Mogo. The new target price suggests a significant potential upside.
HC Wainwright & Co.'s decision to maintain a Buy rating for Mogo indicates continued confidence in the company's prospects, despite the lowered price target. The new target price of $8.00, while lower than the previous $12.00, still represents a significant potential increase from the current share price of $1.51. This could potentially attract investors looking for high growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100