SE - Sea Limited Stock Has 52% Upside According to 1 Wall Street Analyst
2024-03-08 17:00:00 ET
It's been a tough couple of years for Sea Limited (NYSE: SE) investors. The company's three operating segments -- video games, e-commerce, and financial technology (fintech) -- were all hammered by the downturn. The road back has been a long one, but on the heels of the company's fourth-quarter financial report, analysts are increasingly optimistic.
Analysts at Jefferies recently boosted their price target to $82, up from $80, while maintaining a buy rating on the stock, according to The Fly. This represents potential gains for investors of 52% compared to Monday's closing price.
The analyst's view was bolstered by the results of Shopee, the company's e-commerce platform, saying it "continues to strengthen service quality, price competitiveness, and content." He also noted that gross merchandise volume (GMV) is expected to climb by high teens year-over-year, while its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) is expected to be positive in the back half of 2024.
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Sea Limited Stock Has 52% Upside, According to 1 Wall Street Analyst