Sea Limited price target raised to $165 from $135 at Loop Capital

Loop Capital raised the firm’s price target on Sea Limited (SE) to $165 from $135 and keeps a Buy rating on the shares. The company’s gaming franchise has proven resilience and is positioned to be a steady cash contributor that grows, with upside optionality, while its fintech in emerging markets is a massive growth opportunity and the ecommerce ecosystem is a consumer data goldmine to power risk models, the analyst tells investors in a research note. Near-term set up on the stock is attractive and Sea should be a core holding within long-term growth portfolios, the firm adds.