New Breakout Alert For Monday Society Pass (NASDAQ: SOPA) Litchfield Hills Equity Research Analyst Issued a Buy
Recommendation with a price target of $4.00 [ (Representing 1,700% Upside Potential) ]( Hi âFDRâ Member, This is Michael Reece with âFinancialDrivenResearchâ delivering you a quick update on Society Pass (NASDAQ: SOPA). Investing.com's powerful screening tools just triggered 17 Technical Bâuy Signals, signaling a potential breakout could be imminent! Multiple Catalysts Signal Tremendous Upside Potential SOPA has multiple "Strong BâUY Ratings" trades at approx. $.25/share with multiple bullish analysts with forecasts of an average price target $3.00 to $4.00 indicating 1,000%+ upside potential. Investing.com Technical Opinion Rating Issued SOPA a Bullish STRâONG BâUY Rating! Technical Indicators are signaling a "Bullish Strong Bâuy Rating" based on Investing.com technical analysis. Today is a critical day for you to pay close attention! While this bullish action is impressive, it's likely the potential precursor of more significant moves to come. Multiple Analysts on Wall Street released target prices on SOPA which I've listed below. Bullish Catalyst â Litchfield Hills Initiated Coverage of
Society Pass (NASDAQ: SOPA) with a Buy rating and $4.00 Price Target [Initiating with Buy Rating and $4.00 PT]( According to Litchfield Hills Analyst, SOPA Has 1,700% upside potential, based on the analystsâ price target. Bullish Catalyst â Ascendiant Capital Initiated Coverage of
Society Pass (NASDAQ: SOPA) with a Buy rating and $3.00 Price Target [Initiating with Buy Rating and $3.00 PT]( According to Ascendiant Capital Analyst, SOPA has 1,200% upside potential, based on the analystsâ price target. Bullish Catalyst â Greenridge Global Initiated Coverage of
Society Pass (NASDAQ: SOPA) with a Buy rating and $3.00 Price Target [Initiating with Buy Rating and $3.00 PT]( According to Greenridge Global Analyst, SOPA has 1,200% upside potential, based on the analystsâ price target. Bullish Catalyst â Maxim Group Initiated Coverage of
Society Pass (NASDAQ: SOPA) with a Buy rating and $.75 Price Target [Initiating with Buy Rating and $.75 PT]( According to Maxim Equity Analyst, SOPA has 239% upside potential, based on the analystsâ price target. Society Southeast Asiaâs (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, continues to capture the attention of financial analysts and investors, receive positive recommendations, and achieve significant milestones. Society Pass has accomplished annual triple digit revenue growth over the past four years through its innovative business model by acquiring high growth companies such as Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network, NusaTrip, a leading Indonesia-based Online Travel Agency, VLeisure, Vietnamâs leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; and Leflair, Vietnamâs leading lifestyle e-commerce platform. Society Passâs diversification strategy is mainly due to the fact that roughly 70% of SEAâs population is unbanked or underbanked and more people are connected every day looking for services offered by SOPA. SOPA looks to continue to increase its portfolio of value-added brands within this rapidly expanding consumer market. A Year of Solid Achievements Transforming
Milestones Into Bullish Catalysts Society Pass Inc. achieved numerous milestones over the past year, focusing on technological innovation, customer satisfaction, and shareholder value. Notable recent announcements include spinning out both Thoughtful Media Group and NusaTrip into publicly traded entities via NASDAQ IPOs in 1H 2024. The company also revealed product launches. Additionally, the company secured a $40 Mln financing from financing group Strattners FZCO. Society Pass remains steadfast in delivering excellence in the subscription-based economy. The company invites investors to join in its journey of growth, innovation, and value creation. About Society Pass Inc. Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (NASDAQ: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects Mln of registered consumers and hunâdreds of thouâsands of registered merchants/brands across multiple product and service categories throughout SEA. Breakthrough Technology Set To Dominate the Market Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnamâs leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnamâs leading lifestyle e-commerce platform; and Pushkart.ph, a popular grocery delivery company in Philippines. SOPA Has â7â Key Potential Breakout Catalysts
That Provide A Very Bullish Outlook 1). Bullish Catalyst â Multiple Analysts Bullish on SOPA, Following Several Milestones Reached: Litchfield Hills Initiated Coverage of Society Pass (NASDAQ: SOPA) with a Buy rating and $4.00 Price Target, Ascendiant Capital Initiated Coverage of Society Pass (NASDAQ: SOPA) with a Buy rating and $3.00 Price Target, Greenridge Global Initiated Coverage of Society Pass (NASDAQ: SOPA) with a Buy rating and $3.00 Price Target, Maxim Group Initiated Coverage of Society Pass (NASDAQ: SOPA) with a Buy rating and $.75 Price Target. 2). Bullish Catalyst â Valuation: $123 Million Litchfield Hills values SOPA. SOPA has a negligible enterprise value as its market cap is roughly equal to its cash value. Given how well SoPa has deployed câaâsh to date, SoPa has been a frugal buyer of assets, buying at low valuations. Based on an EV/Revenue multiple of 4.8 times its estimate 2025 revenue estimate of $25.5 Mln, Litchfield Hills values SOPA at $123 Mln. 3). Bullish Catalyst â Huge Market Potential: SEA influencer marketing services already generates over $600 Mln in turnover and is poised for exponential growth due to SEAâs young population, 482 million active social media users, and 10 hours per day of daily online usage. 4). Bullish Catalyst â Comparables: As a super app, Litchfield Research argues that SOPA comparables are Goto, Uber and Grab. Averaging all these companies together, Litchfield Hills estimates 2.9 x 2024 estimated revenue multiple and 27.5x estimated growth. 5). Bullish Catalyst â Thoughtful Media Thriving with SEA Focus: TMG provides digital advertising services to companies utilizing social media platforms. Since July 2022 acquisition for $2.1 Mln, TMG had just 17 employees and $5.8 Mln of revenue in 2021 compared to 75 employees and $6.6 Mln in 2023. After attaining GAAP profitability of $750k in 2022 net income, Litchfield Hills forecasts revenue of $12 Mln in 2024 and $18 Mln in 2025. At 5x 2025 revenue, it values TMG at roughly $88 Mln. 6). Bullish Catalyst â Robust Business Strategy: TMG businesses include multi-channel network, premium advertising, social commerce, sports marketing, a production house, and music entertainment. These verticals blend to give TMG the ability to sign an advertising client and generate revenue from that engagement, earn fees on the production of the content, as well as the content placement and distribution. In effect, TMG provides a complete advertising marketing platform to brands targeting SEA by leveraging its network of content creators and regional footprint. 7). Bullish Catalyst â NusaTrip Provides Online Travel, Customized for SEA Consumers: Founded in 2013 and acquired in August 2022, NusaTrip targets SEA travel market and has onboarded 650,000 hotels and over 500 airlines globally via its app and website. It has direct links with travel global distribution systems and its core SEA ultra-low-cost carrier airline partners. NusaTripâs new 17.0 Java software should allow for faster searches and more features as well as add Gorilla Mobile eSim travel data and the ability to earn Society Points in 1Q 2024. In April 2023, NusaTrip acquired Vietnam-based VLeisure, which is a B2B hotel management software company. NusaTrip generated gross merchandise value (GMV) of $60 Mln, before the pandemic. GMV recovered to $43 Mln in 2022 and has already hit $45 Mln for the first nine months of 2023. So, it should have a record year this year, and approach $100 Mln within the next two years. Litchfield Hills forecasts net revenue of $2.0 Mln in 2023 and $4.5 Mln in 2024 as well as 73% gross margin in 2024, rising to 76% in 2025. Applying a 5x 2025 revenue estimate of $6 Mln, Litchfield Hills values NusaTrip at roughly $30 Mln. Applying an ERG multiple of 38x, Litchfield Hills valuation increases to a $65 Mln enterprise value. Conclusion: Between the multiple wall street analysts price targets being a staggering 1,000% higher than the current price indicating tremendous upside potential, and several significant milestones reached, I'm extremely bullish on (NASDAQ: SOPA). I am urging all of our âFDRâ members to add Society Pass Inc. (NASDAQ: SOPA) to the top of your watch list right now, and be ready this morning at the opening bell! To Your Trading Success, Michael Reece Editor, Financial Driven Research © 2023 Financial Driven Research, All Rights Reserved. Financial Driven Research (âFDRâ or âCompanyâ) is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or invesâtment for any specific individual. FDR full disclosure is to be read and fully understood before using FDR website or joining FDR email or sms list. 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