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Sea has accumulated a surge of 180% this year, and analysts expect a 7% upside potential in the next 12 months.
Gelonghui, December 2nd | Since the Singapore internet plus-related company Sea announced its third-quarter results, following the recovery of profitability in its e-commerce business, analysts have further raised their stock price expectations. This month, at least seven institutions, including morgan stanley and deutsche bank, have raised the target price for Sea Group's stocks, with the average target price having increased by 21% since the earnings report was released. Year-to-date, Sea's US stocks have risen by 180%, with a market cap increase of approximately 42 billion dollars. According to Bloomberg, analysts generally expect a further 7% upside for the stock in the next 12 months. Analysts estimate that this year, Sea's e-commerce platform Shopee(
Southeast Asia's "Little Tencent" Sea's e-commerce business has regained profitability! Wall Street is raising the target price.
Southeast Asia technology company Sea has regained profitability in the e-commerce sector, making analysts more bullish on its stock price. So far this year, its market cap has increased by $43 billion.
Southeast Asia's "little Tencent" has gained collective favor from Wall Street, with its market cap having nearly doubled this year.
① After Singapore's technology giant Sea Ltd. announced strong financial results, several Wall Street investment banks raised its target price, and Sea's ADR stock price has surged nearly 200% since the beginning of the year; ② Analysts expect Sea's adjusted net income to potentially double year-on-year this year, continuing to grow in 2025; ③ Future stock price catalysts include gaming collaborations with Tencent and developments in the cni xiangmi lake fintech index.
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