Analyst Fawne Jiang of Benchmark Co. reiterated a Buy rating on Sea (SE – Research Report), boosting the price target to $180.00.
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Fawne Jiang has given his Buy rating due to a combination of factors that highlight Sea’s strong performance across its business segments. Despite missing revenue expectations due to deferred gaming revenue, Sea demonstrated robust growth, particularly in its e-commerce and fintech divisions. The e-commerce segment showed significant improvement in adjusted EBITDA, driven by solid GMV growth, while the gaming sector benefited from strong performance in Free Fire. Additionally, the fintech arm saw rapid expansion with a 75% year-over-year increase in its loan book, reflecting effective risk management.
Jiang also notes the company’s strategic positioning and competitive pricing, which are expected to drive consumer engagement and resilience despite macroeconomic challenges. The company’s low e-commerce penetration and value-for-money proposition are seen as key advantages in deepening consumer mindshare. With a positive outlook for profitability growth in the coming years, Jiang has raised the price target to $180 and recommends Sea as a core holding for emerging market investors, maintaining a bullish stance on its gaming and fintech momentum.
Jiang covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, JD, and Alibaba. According to TipRanks, Jiang has an average return of 16.4% and a 56.94% success rate on recommended stocks.
In another report released today, DBS also maintained a Buy rating on the stock with a $204.00 price target.