Shopee-owner Sea signals strong online shopping momentum with revenue beat
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JPMorgan Upgrades Sea Ltd. (SE) to Overweight
August 14, 2024 8:18 AM EDTJPMorgan 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
August 14, 2024 6:44 AM EDTBofA 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
August 13, 2024 3:00 PM EDTJefferies 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)
August 13, 2024 6:59 AM EDTJefferies 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
