Raymond James Keeps Their Buy Rating on Mogo Finance Technology (MOGO)

Raymond James analyst Steven Li reiterated a Buy rating on Mogo Finance Technology today and set a price target of C$3.50. The company’s shares closed yesterday at $1.72.

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Li covers the Technology sector, focusing on stocks such as BlackBerry, The Descartes Systems Group, and Quarterhill. According to TipRanks, Li has an average return of 2.6% and a 45.22% success rate on recommended stocks.

Currently, the analyst consensus on Mogo Finance Technology is a Moderate Buy with an average price target of $3.27, a 90.12% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.00 price target.

The company has a one-year high of $3.83 and a one-year low of $0.74. Currently, Mogo Finance Technology has an average volume of 7.26M.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MOGO in relation to earlier this year.