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Investing.com - H.C. Wainwright has reiterated its Buy rating and $4.00 price target on Mogo Finance Technology (NASDAQ:MOGO), currently trading at $1.84, following a meeting with company leadership at the firm’s 27th Annual Global Investment Conference in New York. According to InvestingPro data, the company maintains a perfect Piotroski Score of 9, indicating strong financial health.
The fintech company plans to monetize its remaining stake in WonderFi Technologies Inc, valued at approximately C$15.0 million, following WonderFi’s acquisition by Robinhood Markets, Inc. This transaction is expected to close in the second half of 2025, with proceeds directed toward Bitcoin purchases as part of Mogo’s recently announced cryptocurrency strategy. The company’s stock has shown strong momentum, with an impressive 87.76% return over the past six months.
Mogo has begun the regulatory process to offer cryptocurrency trading on its new wealth platform beginning in 2026, which H.C. Wainwright identifies as a potential significant growth driver. The company is also exploring the integration of stablecoins into its Carta Worldwide payments platform, which currently processes more than $12.0 billion in payments annually. With a strong current ratio of 3.85, Mogo maintains robust liquidity to support its expansion plans. For deeper insights into Mogo’s financial health and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, one of 1,400+ available for top US stocks.
The investment firm noted that Mogo has implemented a new strategic approach requiring any new business investments to exceed the hurdle rate of holding Bitcoin, which is approaching 30.0%.
H.C. Wainwright describes Mogo’s evolving business model as "a unique fintech company emerging, combining two high growth operating verticals leveraged to the growing demand for cryptocurrencies," and recommends investors accumulate shares ahead of these potential catalysts.
In other recent news, Mogo Inc. reported robust financial results for the second quarter of 2025, highlighting a 48% growth in its wealth revenue. The company also experienced significant advancements in its payments segment. These developments were part of Mogo’s broader efforts in product development and enhancing operational efficiency. Despite these positive financial metrics, the company’s stock price remained stable in aftermarket trading. Investors may find these results noteworthy as they reflect Mogo’s ongoing strategic initiatives. The growth in wealth revenue is a key indicator of the company’s expanding market presence. Mogo’s performance in the payments sector also underscores its competitive positioning. These recent developments suggest a focus on strengthening core business areas.
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