In a report released today, Scott Devitt from Stifel Nicolaus reiterated a Buy rating on Sea Limited (NYSE: SE), with a price target of $19. The company’s shares closed yesterday at $10.64, close to its 52-week low of $10.06.
Devitt observed:
“We continue to recommend Sea Ltd and like the potential asset value embedded in shares.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 25.1% and a 75.1% success rate. Devitt covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Booking Holdings Inc, and Stitch Fix Inc.
Sea Limited has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.
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The company has a one-year high of $16.99 and a one-year low of $10.06. Currently, Sea Limited has an average volume of 823.8K.
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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.
