Sea Stock Jumps 5% As Barclays Raise Price Target by $2
Tiger Newspress05-16
Barclays analyst Jiong Shao maintained a Buy rating on Sea today and set a price target of $87.00. The company’s shares closed yesterday at $68.64.
Sea shares jumped 5% in morning trading.
Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Coupang, and Li Auto. According to TipRanks, Shao has an average return of 6.1% and a 49.37% success rate on recommended stocks.
Currently, the analyst consensus on Sea is a Strong Buy with an average price target of $77.63, implying a 13.10% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a $96.00 price target.
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