Stifel Nicolaus Remains a Buy on Sea Limited (SE)


In a report released today, Scott Devitt from Stifel Nicolaus reiterated a Buy rating on Sea Limited (SE), with a price target of $32. The company’s shares opened today at $25.19, close to its 52-week high of $26.30.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 22.4% and a 72.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Lyft Inc Class A, Eventbrite Inc, and Mercadolibre.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sea Limited with a $26.33 average price target.

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Based on Sea Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $272 million. In comparison, last year the company had a GAAP net loss of $222 million.

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Sea Ltd. (Singapore) is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services.

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