These Analysts Boost Their Forecasts On Sea After Q2 Results
Portfolio Pulse from Avi Kapoor
Sea Limited (NYSE:SE) reported mixed Q2 results with revenue growth of 23% YoY to $3.81 billion, beating estimates, but EPS of 14 cents missed expectations. E-commerce revenue increased 30.4% YoY. Analysts have raised their price targets and ratings for Sea, with shares gaining 2.6% to $76.79.
August 14, 2024 | 7:24 pm
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Sea Limited reported mixed Q2 results with revenue growth of 23% YoY to $3.81 billion, beating estimates, but EPS of 14 cents missed expectations. E-commerce revenue increased 30.4% YoY. Analysts have raised their price targets and ratings for Sea, with shares gaining 2.6% to $76.79.
The mixed Q2 results show strong revenue growth but a miss on EPS. However, the positive outlook for Shopee and raised price targets from multiple analysts suggest a positive short-term impact on the stock price.
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