Sea Limited price target raised by $4 at Loop Capital, here’s why

Loop Capital raised the firm’s price target on Sea Limited to $43 from $39 and keeps a Hold rating on the shares. The firm is assuming the same 10-times expected forward EBITDA estimate multiple for 2025, the analyst tells investors in a research note. The firm adds that it believes that growth multiples in general can improve in 2024, but also notes that the competitive dynamic will continue to create uncertainty for the stock.