Sea Limited price target raised to $92 from $87 at HSBC

HSBC analyst Piyush Choudhary raised the firm’s price target on Sea Limited to $92 from $87 and keeps a Buy rating on the shares post the Q4 results. The analyst expects Sea’s EBITDA to "surge" to $3.3B by fiscal 2025 as margins expand at Shopee and SeaMoney. EBITDA increases by consensus would be a key catalyst for the stock, the analyst tells investors in a research note.