BofA Lifts PT on Sea Limited (SE) to $200 From $180, Keeps a Neutral Rating

Sea Limited (NYSE:SE) is one of the best high growth NYSE stocks that are profitable. On August 29, BofA raised the firm’s price target on Sea Limited (NYSE:SE) to $200 from $180, keeping a Neutral rating on the shares.

Is Sea Limited (SE) The Best Cash App Stock To Buy According to Hedge Funds?

The firm told investors that its latest retail channel check shows that the competitive intensity in SE Asia is stable and TikTok Shops and Shopee are continuing to gain market share at the expense of smaller platforms.

In the firm’s view, this is primarily due to better user engagement, improved assortment, and a scaled live streaming offering.

Sea Limited (NYSE:SE) is an internet and mobile platform company that provides online gaming services. Its operations are divided into three segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment develops and offers mobile and online PC games.

While we acknowledge the potential of SE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.