Bernstein SocGen raised its price target on Sea Ltd. (NYSE:SE) to $210 from $180 while maintaining an Outperform rating, highlighting the company’s rebound after a volatile stretch.
The brokerage noted that Sea shares had surged fivefold in the past 18 months, reflecting renewed investor optimism. Analysts said the company had prioritized scale and market share over short-term profitability, a strategy that appeared to be regaining traction after skepticism following the post-COVID correction.
The firm said near-term data suggested continued acceleration in the third quarter. On this basis, Bernstein raised its earnings forecasts along with the new price target.
