Sea Shares Jump As Analysts Upgrade

Tiger Newspress04-22

BofA analyst Sachin Salgaonkar upgraded Sea Limited to Buy from Neutral with a price target of $70, up from $62. The latest data points from Sea's Asian markets indicate that the company's online platform, Shopee, and other platforms have gradually raised take-rates by an average of 3%-7% to 5%-10%, notes the analyst, who sees e-commerce losses having bottomed and room for take-rate and gaming to "surprise."

Morgan Stanley upgraded Sea Limited to Overweight from Equal Weight with a price target of $70, up from $65. The firm says its upgrade reflects higher conviction in its 2024 base case given year-to-date momentum and "relatively rational competition" in e-commerce. Given Shopee's market share trend, GMV growth, improving unit economics, competitor moves on commissions, and the management outlook, the firm argues that the risk-reward balance is now more favorable.

Sea also raised to Buy from Neutral by B of A Securities.

Sea shares jumped 8.3% in morning trading Monday.

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The latest data points from Sea's Asian markets indicate that the company's online ...</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":"1143526201","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143526201","pubTimestamp":1713792934,"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":"BofA analyst Sachin Salgaonkar upgraded Sea Limited to Buy from Neutral with a price target of $70, up from $62. 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