Shopee-owner Sea tops quarterly revenue estimates on e-commerce strength

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Morgan Stanley Reiterates Overweight Rating on Sea Ltd. (SE)

May 14, 2024 8:03 AM EDT

Morgan Stanley analyst Divya Gangahar Kothiyal reiterated an Overweight rating and $70.00 price target on Sea Ltd. (NYSE: SE)

The analyst comments "The stock price should react positively as adjusted EBITDA for 1Q24 was US$401mn, well above our estimate of... More