Investor confidence in Sea Ltd (SE) 'has been hammered' - Citi
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Sea Ltd's (SE) 'growth pivot at expense of profits,' says JPMorgan
August 18, 2023 10:46 AM EDTJPMorgan downgraded Sea Ltd. (NYSE: SE) to Neutral from Overweight, lowering the price target to $45 from $96 per share in a note Friday.
Analyst Ranjan Sharma told investors that the growth pivot has come at the expense of profits.
"SEs decision to... More
JPMorgan Downgrades Sea Ltd. (SE) to Neutral, 'Growth pivot at expense of profits'
August 17, 2023 4:17 PM EDTJPMorgan analyst Ranjan Sharma downgraded Sea Ltd. (NYSE: SE) from Overweight to Neutral with a price target of $45.00 (from $96.00).
The analyst comments "SEs decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the... More
Sea Ltd. (SE) PT Lowered to $95 at Benchmark
August 16, 2023 8:05 AM EDTBenchmark analyst Fawne Jiang lowered the price target on Sea Ltd. (NYSE: SE) to $95.00 (from $105.00) while maintaining a Buy rating.... More
Sea Ltd. (SE) PT Lowered to $46 at Deutsche Bank, 'nervous quarters ahead'
August 16, 2023 6:42 AM EDTDeutsche Bank analyst RennaVerma Bhasin lowered the price target on Sea Ltd. (NYSE: SE) to $46.00 (from $83.00) while maintaining a Hold rating.
The analyst comments "Sea's share price collapsed 29% post 2Q results. Markets seem concerned by mgt. commentary that the Co is looking to... More
Sea Ltd. (SE) PT Lowered to $70 at Bernstein, 'started reinvesting again'
August 16, 2023 4:10 AM EDT(Updated - August 16, 2023 6:17 AM EDT)
Bernstein analyst Venugopal Garre lowered the price target on Sea Ltd. (NYSE: SE) to $70.00 (from $90.00) while maintaining a Outperform rating.
The analyst comments "In a market like ASEAN, strategies are not easy to execute. After demonstrating... More
Citi Downgrades Sea Ltd. (SE) to Neutral, 'Shift of Strategy Amid Intensified Competition Raises Uncertainty'
August 15, 2023 4:27 PM EDT(Updated - August 15, 2023 4:28 PM EDT)
Citi analyst Alicia Yap downgraded Sea Ltd. (NYSE: SE) from Buy to Neutral with a price target of $50.00 (from $98.00).
The analyst comments "Sea reported a mixed 2Q23 with gaming operating metrics like QAU and paying users and ecommerce... More
