Analyst Fawne Jiang of Benchmark Co. maintained a Buy rating on Sea (SE – Research Report), with a price target of $150.00.
Fawne Jiang has given his Buy rating due to a combination of factors that highlight Sea Ltd.’s strong performance and promising future outlook. The company concluded the fourth quarter of 2024 with impressive results, surpassing expectations in both revenue and profitability across all segments. Sea Ltd. has also provided optimistic guidance for the fiscal year 2025, with anticipated growth in e-commerce gross merchandise value and improved profitability.
Moreover, the company’s e-commerce platform, Shopee, is on a trajectory for sustainable profitable growth, achieving significant revenue increases and profitability in key markets. Additionally, SeaMoney and Garena are expected to contribute to the company’s growth, with SeaMoney showing accelerated revenue growth and increased user penetration. These factors, combined with Sea Ltd.’s dominant market share and strong value proposition in underpenetrated markets, justify a premium valuation and support the Buy rating as a core holding for emerging market investors.
In another report released today, DBS also maintained a Buy rating on the stock with a $157.00 price target.