Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59

Tiger Newspress04-24

Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.

Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.

The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.

However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.

Shares gained nearly 4% in morning trading.

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Comments

Ahlec
04-24
Ahlec
pump and dump for sure
Nomadr
04-24
Nomadr
Lol 😆 after price run up from 35... than upgrade? The fund will sell and go for their holidays soon haha

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He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.</p><p style=\"text-align: start;\">The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.</p><p style=\"text-align: start;\">However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.</p><p style=\"text-align: start;\">Shares gained nearly 4% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d24c35408c3c899805453302e03a1a3a\" tg-width=\"842\" tg-height=\"618\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLoop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59\n</h2>\n\n<h4 class=\"meta\">\n\n2024-04-24 21:44 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SE","symbol_name":"Sea Ltd","start_time":0,"source_url":"","article_id":"1122536997","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122536997","pubTimestamp":1713966241,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. 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He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. 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He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it post","content":"<html><head></head><body><p>Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.</p><p style=\"text-align: start;\">Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.</p><p style=\"text-align: start;\">The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.</p><p style=\"text-align: start;\">However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.</p><p style=\"text-align: start;\">Shares gained nearly 4% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d24c35408c3c899805453302e03a1a3a\" tg-width=\"842\" tg-height=\"618\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLoop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-04-24 21:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.</p><p style=\"text-align: start;\">Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.</p><p style=\"text-align: start;\">The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.</p><p style=\"text-align: start;\">However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.</p><p style=\"text-align: start;\">Shares gained nearly 4% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d24c35408c3c899805453302e03a1a3a\" tg-width=\"842\" tg-height=\"618\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122536997","content_text":"Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.Shares gained nearly 4% in morning trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":298717722955928,"gmtCreate":1713961055842,"gmtModify":1713961060388,"author":{"id":"3567256937368628","authorId":"3567256937368628","name":"Nomadr","avatar":"https://static.tigerbbs.com/87ffa292cf6c6bac6572beb240597005","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Lol 😆 after price run up from 35... than upgrade? The fund will sell and go for their holidays soon haha","listText":"Lol 😆 after price run up from 35... than upgrade? The fund will sell and go for their holidays soon haha","text":"Lol 😆 after price run up from 35... than upgrade? The fund will sell and go for their holidays soon haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298717722955928","repostId":1122536997,"repostType":2,"repost":{"id":"1122536997","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1713966241,"share":"https://www.laohu8.com/m/news/1122536997?lang=&edition=full","pubTime":"2024-04-24 21:44","market":"us","language":"en","title":"Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59","url":"https://stock-news.laohu8.com/highlight/detail?id=1122536997","media":"Tiger Newspress","summary":"Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it post","content":"<html><head></head><body><p>Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.</p><p style=\"text-align: start;\">Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.</p><p style=\"text-align: start;\">The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.</p><p style=\"text-align: start;\">However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.</p><p style=\"text-align: start;\">Shares gained nearly 4% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d24c35408c3c899805453302e03a1a3a\" tg-width=\"842\" tg-height=\"618\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLoop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-04-24 21:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.</p><p style=\"text-align: start;\">Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.</p><p style=\"text-align: start;\">The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.</p><p style=\"text-align: start;\">However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.</p><p style=\"text-align: start;\">Shares gained nearly 4% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d24c35408c3c899805453302e03a1a3a\" tg-width=\"842\" tg-height=\"618\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122536997","content_text":"Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it posted its first profitable year in March 2023. CEO and chairman Forrest Li said he also expects 2024 to be a profitable year.However, the “recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, has sparked a revaluation in the stock. In our view, this signals that the shift to sustained profitable growth is finally underway and serves as a significant catalyst for revaluation of the stock,” Sanderson wrote in a Wednesday note.Shares gained nearly 4% in morning trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122536997"}