Analysts expect adjusted profits for Southeast Asia’s top online-shopping company to nearly triple this year and rise by a similar measure again in 2025.
A return to profitability in e-commerce for Sea has analysts turning even more bullish on its stock after a rally that has added US$43 billion ($57.60 billion) to its market value so far this year.
At least seven firms, including Morgan Stanley and Deutsche Bank, have raised their price targets for Sea’s US-listed shares since its earnings report earlier this month. The consensus view calls for another 7% rise over the next 12 months.
