Society Pass (SOPA) stock rocketed higher on Monday following updated analyst coverage of the e-commerce acquisition company. Ascendiant analyst Edward Woo reiterated a Buy rating for SOPA stock and increased his price target to $22 from $18, after recently updating it to $18 from $15. This suggests a possible 1,460.3% upside for the company’s shares.
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Edward Woo made his case for the increased Society Pass price target by highlighting its holdings and investment in online ticketing and reservation services company NusaTrip (NUTR). He said that SOPA stock is “very undervalued and should be significantly higher” based on the recent initial public offering of NusaTrip.
NusaTrip completed its initial public offering (IPO) on Aug. 15, 2025, and raised $17 million from it. The company said it intends to use the funds from its IPO for “expansion into new markets, merger and acquisition initiatives, and working capital and other general corporate purposes.” Additionally, Society Pass said it expects digital media network company Thoughtful Media to complete its IPO by the end of 2025 and raise a similar amount as NusaTrip.
Society Pass Stock Movement Today
Society Pass stock was up 129.08% in pre-market trading, following a 21.3% rally on Friday. The company’s shares have increased 56.67% year-to-date and 53.26% over the past 12 months. Today’s news came with heavy trading, as some 56 million shares changed hands, compared to a three-month daily average of about 221,000 units.
Is Society Pass Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Society Pass stock is thin. However, TipRanks’ AI analyst Spark has it covered. Spark rates SOPA stock a Neutral (45) with a $1.50 price target. It cites “significant financial challenges, with consistent losses and negative equity” as reasons for this stance.
