Sea Ltd. (SE) PT Raised to $230 at JPMorgan

JPMorgan analyst Ranjan Sharma raised the price target on Sea Ltd. (NYSE: SE) to $230.00 (from $208.00) while maintaining a Overweight rating.

The analyst comments: "The step-change in ecommerce industry monetization should allow Shopee to further enhance monetization, recycle the revenues to support growth investments, unlock ad revenues, benefit from reduction in logistics costs, and drive higher customer engagement. We illustrate this below using our FY25E forecasts as a base to understand the financial impact. What is not captured in the quantitative calculations is the widening competitive moat through better customer experience (service + costs) and ecosystem informational advantage. The latter supports SE’s fintech business as well. We reiterate OW on SE and raise our Jun-26 PT to $230. One key known unknown is how SE would deploy its growing cash position alongside rising cash flows."

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