1 Wall Street Analyst Thinks Sea Limited Stock Can Reach $87. Is It a Buy at About $68?
A solid first-quarter report recently boosted shares of Sea Limited (NYSE: SE). The company also convinced several Wall Street analysts that its business is worth more than its market valuation.
Benchmark analyst Fawne Jiang recently raised her price target for the e-commerce, entertainment, and finance conglomerate to $87 per share. The new target implies a gain of about 31% from recent prices.
Sea Limited stock is still miles below the peak it reached in 2021, but Jiang has plenty of reasons to expect big gains ahead. The company's e-commerce division reported first-quarter gross merchandise volume that soared 36% year over year, thanks to its unmatched logistical capability.
Source Fool.com
Benchmark El. Inc. Stock
€44.40
5.820%
Benchmark El. Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
On the other hand, the target price of 41 € is below the current price of 44.4 € for Benchmark El. Inc., so the potential is actually -7.66%.
