Bullish indicating open at $55-$60, IPO prices at $37
Sea Ltd (NYSE:SE) stock reached a significant milestone, hitting a 52-week high of $173.15, with InvestingPro data showing the company now commands an impressive market capitalization of $86.57 billion. This marks a notable achievement for the company, reflecting a strong upward trajectory over the past year. The stock’s impressive performance is highlighted by a remarkable 1-year return of 118.51%, with revenue growth of 30.31% showcasing the company’s robust growth and investor confidence. According to InvestingPro analysis, which offers 15+ additional insights, the stock currently trades at a P/E ratio of 111.95, suggesting premium valuations. The 52-week high underscores Sea Ltd’s successful navigation of market challenges and its strategic initiatives that have driven its stock price to new heights. Analysts maintain a bullish outlook on the stock, with detailed analysis available in the comprehensive Pro Research Report on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, Sea Ltd has seen several adjustments in its stock price targets from various analyst firms. Bernstein raised its price target for Sea Ltd to $180, maintaining an Outperform rating, citing the company’s significant transformation and strong execution. Jefferies also increased its price target to $187, expressing confidence in Sea Ltd’s solid execution across all business segments in the upcoming quarter. Loop Capital Markets lifted its price target to $190, maintaining a Buy rating, driven by improvements in Sea Ltd’s ecommerce and gaming segments. The firm noted Shopee’s improved EBITDA margin and potential for long-term earnings growth.
Conversely, Phillip Securities downgraded Sea Ltd’s stock rating to Neutral, despite raising the price target to $160, due to the company’s recent stock rally. However, they recognized growth prospects in Sea Ltd’s digital financial services and entertainment segments. Benchmark analyst Fawne Jiang increased the price target to $180, reaffirming a Buy rating, despite some revenue projections being missed due to deferred gaming revenue. Sea Ltd’s recent financial quarter showed strong growth across its segments, with notable performance in its e-commerce, gaming, and fintech divisions.
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