Sea Limited (SE) Stock Soars Fourfold; Bernstein Maintains Outperform Rating and Boosts Target

Sea Limited (NYSE:SE) ranks among the best growth stocks to buy for the next 10 years. While retaining its Outperform rating on Sea Limited (NYSE:SE), Bernstein SocGen Group raised its price target for the company’s shares to $180 from $170 on July 28. Citing Sea Limited’s “remarkable transformation,” the firm stated that the company’s stock had jumped fourfold in value over the last 18 months as a result of stellar execution. According to Bernstein’s analysis, concerns about increased competition in Sea’s e-commerce business have not come to pass.

Sea Limited (SE) Stock Soars Fourfold; Bernstein Maintains Outperform Rating and Boosts Target

Bernstein states that Sea Limited (NYSE:SE) continues to safeguard its dominant market position by putting more emphasis on reinvesting operating gains and commission increases into expansion projects rather than optimizing margins. In that regard, the second quarter was described by Bernstein as “stable” for the company.

Sea Limited (NYSE:SE) is a Singapore-based consumer technology company that operates in the digital entertainment, e-commerce, and financial services industries.

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