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.

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