Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Sea (SE – Research Report) today and set a price target of $95.00. The company’s shares closed today at $77.43.
According to TipRanks, Devitt is a 5-star analyst with an average return of 9.9% and a 46.07% success rate. Devitt covers the Consumer Goods sector, focusing on stocks such as Amazon, Vroom, and Carvana Co.
Currently, the analyst consensus on Sea is a Strong Buy with an average price target of $118.69.
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Based on Sea’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.9 billion and a GAAP net loss of $579.81 million. In comparison, last year the company earned a revenue of $1.76 billion and had a GAAP net loss of $422.69 million
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Founded in 2009, Singapore-based Sea Limited is an internet and mobile platform company, which provides provides online personal computer and mobile digital content, e-commerce, gaming services and payment platforms. The company operates through three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively.
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