Loop Capital analyst Rob Sanderson raised the firm’s price target on Sea Limited (SE) to $190 from $165 and keeps a Buy rating on the shares. The firm is citing its higher expectations for the profit ramp in e-commerce and a stronger outlook for the gaming business, the analyst tells investors in a research note. Sea’s longer-term earnings power from Shopee is more likely seen at over 6% of GMV – gross merchandise value – with upside depending on how retail media/shopper data and AI driven ad-tech blossom for the company, Loop added.
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