Sea Limited price target raised to $219.90 from $178.20 at Macquarie

Macquarie raised the firm’s price target on Sea Limited (SE) to $219.90 from $178.20 and keeps an Outperform rating on the shares after “another set of strong results” that included all major key performance indicators beating market expectations in Q2. Following the report, the firm raised its 2025 and 2026 adjusted EBITDA estimates by 13% and 15%, respectively, and rolled forward its valuation to a 2026 basis.