Sea Limited price target lowered to $150 from $170 at Bernstein

Bernstein lowered the firm’s price target on Sea Limited (SE) to $150 from $170 and keeps an Outperform rating on the shares. With EBITDA over three times higher, a healthier business mix, and an increasingly asset-light model, the recent share price correction might appear puzzling, the firm notes. With that said, Bernstein believes the sharp slide in Sea’s stock appears more understandable when viewed against its 2026 outlook. This is shaping up to be a year of slower earnings growth not due to weakening market, competition or disruption, but rather because Sea is trying to widen its competitive moat.