Sea Limited Reports Second Quarter 2024 Results

JPMorgan Upgrades Sea Ltd. (SE) to Overweight

JPMorgan analyst Ranjan Sharma upgraded Sea Ltd. (NYSE: SE) from Neutral to Overweight with a price target of $90.00 (from $66.00).

The analyst comments "We are upgrading SE to OW as all three major business segments are likely to drive positive earnings revisions. We especially anticipate... More

Sea Ltd. (SE) PT Raised to $84 at BofA Securities

BofA Securities analyst Sachin Salgaonkar raised the price target on Sea Ltd. (NYSE: SE) to $84.00 (from $77.00) while maintaining a Buy rating.

The analyst comments "Seas revenues came in-line with our estimate, but net income was a beat led by lower than estimated S&M costs.... More

Sea Ltd. (SE) PT Raised to $92 at Jefferies

Jefferies analyst Thomas Chong raised the price target on Sea Ltd. (NYSE: SE) to $92.00 (from $89.00) while maintaining a Buy rating.

The analyst comments "Shopee results beat expectations (link) and it revised up full year GMV guidance. Management highlighted that Shopee focuses on growth and invests in user experience with long term EBITDA margin expected to remain intact. For digital entertainment, FF targets a mass gamers base with DAU exceeding 100m. In addition, DFS leverages Shopee's ecosystem... More

Jefferies Reiterates Buy Rating on Sea Ltd. (SE)

Jefferies analyst Thomas Chong reiterated a Buy rating and $89.00 price target on Sea Ltd. (NYSE: SE).

The analyst comments "Sea reported 2Q24 results with GAAP revenue beat expectations. By segment, Shopee GMV increased by 29% YoY (vs our estimate at 26% YoY) and segment... More

Sea reports revenue, EBITDA beat in Q2 but EPS falls short; shares down

Sea Ltd. (NYSE: SE) reported mixed results for the fiscal Q2 2024, sending its shares slightly lower in the premarket trading Tuesday.

The consumer internet company posted Q2 earnings per share (EPS) of $0.14, falling short of the analyst estimate of $0.17. However, revenue came in at $3.81 billion for the quarter, surpassing the consensus projection of $3.74 billion.

Still, SE shares dropped 3.6% in the premarket trade.

The companys adjusted EBITDA... More