Sea Limited price target raised to $82 from $80 at Jefferies

Jefferies raised the firm’s price target on Sea Limited to $82 from $80 and keeps a Buy rating on the shares after the company reported Q4 results and provided an outlook across segments. For Shopee, it continues to strengthen service quality, price competitiveness and content and says GMV is expected to grow in a high teens range year-over-year with adjusted EBITDA to turn positive in the second half of FY24, while prudent risk management is expected for SeaMoney and 2024 is expected to be “another profitable year,” the analyst tells investors.