The Globe and Mail reports in its Thursday, July 6, edition that Mackie Capital analyst Nikhil Thadani is boosting his price target of Mogo Finance Technology ($4.63) to $7 from $6 as the firm believes "Mogo has upside despite benefiting from positive investor attention." The Globe's Gillian Livingston writes in the Eye On Equities column that Mr. Thadani says, "Mogo stock is up about 20 per cent since our note on June 14, which suggested an attractive entry point." Analysts on average target the shares at $4.31. Mr. Thadani continues to rate the shares "speculative buy." Mr. Thadani says in a note: "We believe Mogo can further benefit from a narrowing valuation discount to peers. On a 2018 basis, Mogo trades at 2.2 times net sales versus fintech names at about 3.9 times (unchanged in the last couple weeks). Recall, we exclude funding debt (i.e. credit facilities to fund loan book including recent $15-million debt raise) from net debt and account for loan book interest revenue net of funding interest expenses. Relative to fintech stocks, our revised $7 per share price target reflects a discount revenue multiple of three times net 2018 revenue (2.7 times previously)."