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.

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.

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