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.
The analyst told investors in a research note that Sea Limited’s “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 logistic costs to decline further.
Headquartered in Singapore, Sea Limited 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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This article is originally published at Insider Monkey.
