Spartan Capital Securities Thinks Society Pass’ Stock is Going to Recover

Spartan Capital Securities analyst Barry Sine initiated coverage with a Buy rating on Society Pass (SOPAResearch Report) on July 26 and set a price target of $8.00. The company’s shares closed last Wednesday at $1.83, close to its 52-week low of $1.49.

According to TipRanks.com, Sine is ranked #529 out of 7949 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Society Pass with a $6.50 average price target.

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Society Pass’ market cap is currently $43.77M and has a P/E ratio of -1.00.

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Society Pass Inc is building an ecosystem of platforms and technology enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnership with visionary entrepreneurs, the company meet the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage.

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