Society Pass Skyrockets Over 275% on Strong Earnings, Analyst Bullishness
Ascendiant Capital Markets raises its price target to $22, calling the e-commerce company 'very undervalued' after a stellar Q2 performance.
Shares of Society Pass Inc. (SOPA) exploded on Wednesday, posting a massive 275.9% gain in a dramatic session for the Southeast Asian e-commerce player. The surge was ignited by a combination of a strong second-quarter earnings report and a highly bullish analyst note that suggested the company's stock should be trading at a significantly higher valuation.
The rally kicked off after Society Pass announced a for the second quarter of 2025. The strong top-line growth demonstrated the company's expanding footprint in the rapidly growing digital commerce markets of Southeast Asia, catching the attention of investors who have been closely watching the region for the next wave of tech growth.
Adding fuel to the fire, an analyst from Ascendiant Capital Markets reiterated a 'Buy' rating on the stock and hiked the firm's price target to a staggering $22 per share. The analyst's thesis, which was detailed in a report that sent the stock flying, is that Society Pass is relative to its market capitalization. This suggests a significant disconnect between the company's intrinsic value and its public market valuation, a gap that traders aggressively moved to close on Wednesday.
The bullish sentiment is further supported by the recent successful IPO of NusaTrip, a subsidiary of Society Pass. The public offering of the travel-focused unit not only brought in a significant cash infusion but also helped to highlight the value of the assets held within the broader Society Pass ecosystem. With a portfolio of companies across e-commerce and digital services, Society Pass is positioning itself as a key player in one of the world's most dynamic economic regions. The combination of strong operational growth and a compelling valuation case has created a perfect storm for the stock, leading to Wednesday's monumental rally.