Loop Capital Upgrades Sea (SE) from Hold to Strong Buy, Raises Price Target

WallStreetZen04-25

Loop Capital's Rob Sanderson upgraded their rating on Sea (NYSE: SE) from Hold to Strong Buy on 2024/04/24. The analyst also raised their price target by 55.9% from $59 to $92.According to Sanderson, ...

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The analyst also raised their price target by 55.9% from $59 to $92.According to Sanderson, ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/loop-capital-upgrades-sea-se-from-hold-to-strong-buy-raises-price-target\">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":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://www.wallstreetzen.com/news/loop-capital-upgrades-sea-se-from-hold-to-strong-buy-raises-price-target","article_id":"2430408004","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1598550476439-6847785fcea6?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2ODg2NDI0MDl8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430408004","pubTimestamp":1714041600,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Loop Capital's Rob Sanderson upgraded their rating on Sea (NYSE: SE) from Hold to Strong Buy on 2024/04/24. 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The analyst also raised their price target by 55.9% from $59 to $92.According to Sanderson, the main factors contributing to the pressure on Sea's stock valuation over the past two years are \"strong competition and market share loss\" to TikTok. Sanderson highlighted that a recent announcement by the merged TikTok-Tokopedia, indicating a commission fee rise, has sparked a reevaluation of Sea Limited. This move by the companies is seen as an attempt to appease Indonesian regulators.Sanderson sees this as a significant development, signaling that the transition to long-term profitable growth for Sea Limited is \"finally underway.\" The analyst noted that the \"competitive rationality\" exhibited by the merged entity has prompted Loop Capital to update its Sea valuation model from a \"broken stock.\"It is worth noting that 100% of top-rated analysts currently rate Sea Limited as a Strong Buy or Buy. No analysts consider it a Hold, and there are no recommendations to sell the stock.Since Sea Limited's last quarterly report on December 31, 2023, the stock price has increased by 56.2%. However, on a year-over-year basis, the stock is down 19.6%. During this period, Sea Limited has trailed behind the S&P 500, which has experienced a decline of 22.6%.Rob Sanderson, the Loop Capital analyst responsible for the upgrade, is ranked in the top 19% out of 4,563 Wall Street analysts by WallStreetZen. Sanderson has an average return of 8.1% and a win rate of 52.1%. The analyst specializes in various sectors, including Consumer Cyclical and Industrials.Sea Limited, headquartered in Singapore, is a consumer internet company operating in the digital entertainment, e-commerce, and digital financial service business sectors across Asia, Latin America, and internationally. The company offers Garena, a digital entertainment platform providing access to mobile and PC online games, as well as eSports operations. Additionally, Sea operates the Shopee e-commerce platform, which is a mobile-centric marketplace offering integrated payment and logistics infrastructure, as well as seller services. Sea Limited was incorporated in 2009 and has been making significant strides in its respective sectors.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"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/2430408004"}