Sea Limited price target raised to $94 from $92 at Loop Capital

Loop Capital raised the firm’s price target on Sea Limited to $94 from $92 and keeps a Buy rating on the shares. Shopee has successfully fortified its competitive moat and continues to lead on cost-to-serve, the analyst tells investors in a research note. The firm adds that it sees further signs that competitive intensity is easing across its regions, warning that while a more aggressive move by Temu is on the radar, it also believes that Shopee’s position is resilient with cost leadership, price competitiveness and service quality.