In a report released yesterday, Sachin Mittal from DBS maintained a Buy rating on Sea (SE – Research Report), with a price target of $70.00. The company’s shares closed yesterday at $44.39.
Mittal covers the Technology sector, focusing on stocks such as Meta Platforms, Uber Technologies, and Accenture. According to TipRanks, Mittal has an average return of 12.1% and a 61.76% success rate on recommended stocks.
Currently, the analyst consensus on Sea is a Moderate Buy with an average price target of $65.91, a 48.48% upside from current levels. In a report released on October 6, Goldman Sachs also maintained a Buy rating on the stock with a $78.00 price target.
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SE market cap is currently $22.96B and has a P/E ratio of -24.92.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sea (SE) Company Description:
Founded in 2009, Singapore-based Sea Limited is an internet and mobile platform company, which provides provides online personal computer and mobile digital content, e-commerce, gaming services and payment platforms. The company operates through three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively.
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