Mogo price target lowered to $8 from $12 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Mogo to $8 from $12 and keeps a Buy rating on the shares. The analyst sees “tremendous value” in Mogo shares today, but acknowledges uncertainty surrounding the macro environment likely extends the timeline to achieve the firm’s price target. The company could potentially monetize certain assets in the future, including the company’s position in WonderFi Technologies or even the company’s growing payments platform, which would unlock significant value for shareholders, the analyst tells investors in a research note.