5 Best E-Commerce Stocks To Buy According to Analysts

In this article, we discuss the 5 best e-commerce stocks to buy according to analysts. To go through our analysis of the e-commerce and online retail industry, go directly to the 10 Best E-commerce Stocks To Buy According to Analysts.

5. Sea Limited (NYSE:SE)

Average Analyst Share Price Upside: 20.83%

Average Analyst Share Price Target: $64.38

Sea Limited (NYSE:SE), headquartered in Singapore, is a prominent consumer internet company in Southeast Asia and Taiwan, operating three core businesses: Shopee (an e-commerce platform), Garena (a global games developer and publisher), and SeaMoney (a digital payments and financial services provider).

On February 1, Citi upgraded Sea Limited (NYSE:SE) to Buy from Neutral and increased the price target on the shares to $50 from $44, anticipating potential improvements in losses for its Shopee e-commerce unit. The investment firm cited uncertainty in the Southeast Asia e-commerce landscape, highlighting potential impacts from TikTok shopping and its integration into the Toko app.

According to Insider Monkey’s fourth-quarter database, 51 hedge funds were long Sea Limited (NYSE:SE), compared to 55 funds in the earlier quarter. Chase Coleman’s Tiger Global Management is the largest stakeholder of the company, with 14.3 million shares worth $580 million.

Artisan Developing World Fund stated the following regarding Sea Limited (NYSE:SE) in its fourth quarter 2023 investor letter:

“Bottom contributors to performance for the quarter included Southeast Asian e-commerce leader Sea Limited (NYSE:SE). Sea was negatively impacted by rising investment spend, and TikTok’s announcement of a partnership with Tokopedia which resulted in the relaunch of TikTok Shop in Indonesia.”