1. Ascendiant raises SOPA's price target to $22.50, maintaining a 'BUY' rating. 2. NusaTrip's estimated value per share is $20, indicating significant SOPA undervaluation. 3. Future IPOs of Thoughtful Media and NusaTrip will catalyze SOPA's value. 4. SOPA's revenue dip indicates liquidity challenges despite growth opportunities. 5. Market trends favor SOPA's expansion in Southeast Asia's tech and e-commerce sector.
FAQ
Why Bullish?
The raised price target and positive analyst sentiment suggest an upward trend. Historical similar patterns resulted in stock price increases following bullish analyst ratings.
How important is it?
The article highlights strategic actions impacting SOPA, with potential for growth beyond short-term metrics.
Why Long Term?
Upcoming IPOs and market opportunities indicate potential for sustainable growth over time. Similar companies have seen substantial increases following successful IPOs.
Ascendiant Capital Markets: Society Pass Inc (NASDAQ: SOPA) Stock Undervalued on NusaTrip Valuation
New York, December 22, 2025 - Society Pass Incorporated (NASDAQ: SOPA), a foremost e-commerce ecosystem in Southeast Asia, has attracted attention with the recent release of an equity research report by Ascendiant Capital Markets LLC.
Overview of Ascendiant's Findings
Ascendiant's report, published on December 17, 2025, maintains a BUY rating for SOPA and increases the 12-month price target from $22.00 to $22.50. This adjustment is based on a net present value (NPV) analysis, indicating significant upside potential from the current share price.
- Valuation Insight: The new target reflects a balance between SOPA’s inherent risks and its substantial growth prospects.
- NusaTrip Valuation: NusaTrip is valued at approximately $20 per share, suggesting a significant undervaluation of SOPA's stock by around 1,769%.
NusaTrip's Market Context and Trading Status
NusaTrip made its debut on the NASDAQ in August 2025 under the ticker “NUTR”, successfully raising $17 million. The stock has seen promising performance, trading at $9.00 as of October 8, 2025. However, NusaTrip's shares have since been halted due to ongoing investigations by the SEC and NASDAQ.
Ascendiant anticipates a resumption of trading for NusaTrip as the company addresses regulatory inquiries, adding a layer of optimism for SOPA investors.
Strategic Investment Moves and Upcoming IPOs
In December 2025, Society Pass announced a strategic pivot towards investments in artificial intelligence (AI), focusing on AI-driven software as well as emerging sectors in Asia. This positions SOPA to leverage growth in the technology landscape.
Furthermore, SOPA plans to proceed with initial public offerings (IPOs) for its subsidiaries, including the anticipated spin-off of Thoughtful Media Group Inc. and NusaTrip Inc. in 2024. Ascendiant views these moves as pivotal, expecting Thoughtful Media to also achieve a valuation comparable to NusaTrip’s.
- Upcoming IPO: Thoughtful Media's IPO is projected for early 2026.
- Market Potential: Continued economic expansion in Southeast Asia is expected to provide significant opportunities for SOPA.
Recent Financial Performance
On November 14, 2025, Society Pass reported its fiscal Q3 2025 results, indicating revenues of $1.4 million, an 18% decline year-on-year. The company also reported an earnings per share of $(0.84), missing estimates of $(0.07).
About Society Pass Inc.
Founded in 2018, Society Pass Incorporated (NASDAQ: SOPA) operates within rapidly growing Southeast Asian markets including Vietnam, Indonesia, the Philippines, Singapore, and Thailand. The company is dedicated to enhancing the e-commerce landscape by integrating digital media, travel, and lifestyle services.
With offices in key cities across Southeast Asia, Society Pass is driving personalized customer experiences and broadening its retail influence. The company has been trading on NASDAQ since November 2021.