Sea Limited price target raised to $135 from $99 at Loop Capital

Loop Capital analyst Rob Sanderson raised the firm’s price target on Sea Limited (SE) to $135 from $99 and keeps a Buy rating on the shares after its Q3 results. All three of the company’s businesses are in a better position than a year ago, with the e-commerce and gaming segments seen as “significantly better”, the analyst tells investors in a research note. Loop adds that its forecast still reflects deceleration in gross merchandise volume growth to 16% in 2025 and 14% in 2026 from 26% in 2024, noting however that the rebound of Free Fire has surprised to the upside, and it sees expectations being potentially “too low”.