Society Pass price target raised to $18 from $15 at Ascendiant

Ascendiant analyst Edward Woo Friday morning raised the firm’s price target on Society Pass (SOPA) to $18 from $15 and kept a Buy rating on the shares. The company reported strong fiscal Q2 results, the analyst told investors in a research note. The firm is “very positive” on Society Pass, saying the Thoughtful Media Group and NusaTrip initial public offerings should drive the stock “much higher.” Society Pass is trading well below NusaTrip’s value, contends Ascendiant.