JPMorgan Lifts PT on Sea Limited (SE) to $230 From $208

Sea Limited (NYSE:SE) is one of the top high growth international stocks to buy right now. On September 11, JPMorgan analyst Ranjan Sharma raised the firm’s price target on Sea Limited (NYSE:SE) to $230 from $208, keeping an Overweight rating on the shares.

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

The analyst told investors in a research note that Sea Limited’s (NYSE:SE) “flywheel” is getting stronger, and that the “step-change” in e-commerce monetization should allow Shopee to further unlock advertising revenues and boost monetization.

The firm added that it expects Sea Limited’s (NYSE:SE) logistic costs to decline further.

Headquartered in Singapore, 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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