
Mogo (MOGO) Stock Forecast & Price Target
Mogo (MOGO) Analyst Ratings
Bulls say
Mogo Inc is projected to achieve robust revenue growth of 10.5% in 2024, escalating to 13.9% in 2025, primarily driven by a significant rise in recurring subscription and service revenues, which are expected to grow by 12.3% in 2024 and accelerate to 23.0% in 2025. The company has reported a year-over-year revenue increase of 9.3%, alongside a sequential revenue rise to C$17.6 million, signaling strong operational performance. Additionally, Mogo anticipates an increase in EBITDA guidance to a range between C$6.0 million and C$7.0 million, reflecting an upward trajectory from previous estimates and indicating enhanced profitability as comparable EBITDA figures also show significant year-on-year growth.
Bears say
The financial analysis of Mogo Inc reveals a concerning trend, with gross margin decreasing to 67.3% from the previous year's 70.4%, which may indicate challenges in maintaining profitability. Revenue forecasts for 2024 and 2025 have been adjusted downward to C$70.9 million and C$73.2 million respectively, reflecting an unfavorable outlook on growth potential in the competitive fintech sector. Despite some cost discipline resulting in positive adjusted EBITDA, the company's current market capitalization of C$39.2 million suggests that investors are not fully valuing its core fintech operations, signaling a negative sentiment in the market.
This aggregate rating is based on analysts' research of Mogo and is not a guaranteed prediction by Public.com or investment advice.
Mogo (MOGO) Analyst Forecast & Price Prediction
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