Maxim analyst Allen Klee lowered the firm’s price target on Society Pass to $2.75 from $5.00 and keeps a Buy rating on the shares. Society Pass’s Q4 results missed on revenue, but the EBITDA loss was narrower than expected, the analyst tells investors in a research note. The company has restructured several of its businesses to improve revenue and profitability and is focusing on the relatively higher margin segments, the firm says.
Published first on TheFly
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