This Growth Stock Is a Screaming Bargain for 2023
Shares of Sea Limited (NYSE: SE) have been sold off brutally in 2022 as investors pressed the panic button. The drop can be blamed on the broader decline in tech stocks thanks to rising interest rates as well as Sea's cooling top-line growth. But the Singapore-based company regained some of its market mojo in November.
Sea Limited stock shot up 36% on Nov. 15 as investors cheered stronger-than-expected earnings results. The company -- which operates e-commerce, online gaming, and fintech platforms in Southeast Asia, Latin America, and other areas -- reported solid growth in two of its three segments. Sea's focus on improving its margin profile helped it deliver a massive bottom-line beat, with its loss per share turning out to be much smaller than anticipated.
Let's look at the reasons why Wall Street gave Sea stock the thumbs up, and check why it could head higher in 2023.
Source Fool.com
