DBS Sticks to Its Buy Rating for Sea (SE)

In a report released today, Sachin Mittal from DBS maintained a Buy rating on Sea, with a price target of $138.00.

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According to TipRanks, Mittal is a 5-star analyst with an average return of 21.7% and a 70.48% success rate. Mittal covers the Communication Services sector, focusing on stocks such as Singtel, StarHub, and Meta Platforms.

Currently, the analyst consensus on Sea is a Strong Buy with an average price target of $149.55.

Based on Sea’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.99 billion and a net profit of $372.04 million. In comparison, last year the company earned a revenue of $4.33 billion and had a net profit of $153.32 million

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SE in relation to earlier this year. Last month, Xiaodong Li, the Chairman & CEO of SE bought 1,470,000.00 shares for a total of $22,050,000.00.