Sea

SE · NYSE

$80.43−$8.04 (−9.09%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $88.47

SE analyst rating

BuyConsensus of 8 analysts over the last 12 months. 88% rate it a buy.

Strong buy0
Buy7
Hold1
Underperform0
Sell0

12-month price target · 31 analysts

Average $154.77 (+92.4% upside)

Low: $102.01
Now: $80.43
High: $204.75

Upgrades and downgrades

The latest rating actions, newest first

SE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Aug 13, 2026	Maintains	Overweight	$122.00 → $156.00	43%
Benchmark	Aug 12, 2026	Maintains	Buy	$140.00 → $175.00	48%
TD Cowen	Aug 4, 2026	Maintains	Hold	$108.00 → $100.00	55%
JP Morgan	May 14, 2026	Maintains	Overweight	$168.00 → $163.00	50%
Barclays	May 14, 2026	Maintains	Overweight	$120.00 → $122.00	43%
TD Cowen	May 13, 2026	Maintains	Hold	$100.00 → $108.00	55%
JP Morgan	Apr 20, 2026	Maintains	Overweight	$170.00 → $168.00	50%
Barclays	Mar 5, 2026	Maintains	Overweight	$226.00 → $120.00	43%
Bernstein	Mar 4, 2026	Maintains	Outperform	$170.00 → $150.00	63%
Wedbush	Dec 19, 2025	Maintains	Outperform	$190.00 → $170.00	62%

The case for and against

Updated Oct 16, 2026

Bull case

Sea is well positioned by the combination of Shopee’s scale, Monee’s rapid expansion, and Garena’s durable cash generation, which together produced 2Q26 GAAP revenue of $7.8bn, up 48% y/y, with adj. EBITDA rising 11% y/y. Shopee’s 28% GMV growth to $38.3bn, improving ad monetization, and management’s raised expectation for >$1bn of full-year Shopee adj. EBITDA suggest the platform is converting heavy investment into better unit economics and a firmer margin floor. Meanwhile, Monee’s 59% revenue growth and 62% loan book growth, alongside Garena’s 15% bookings growth and Free Fire’s >100m average DAUs, provide diversified earnings support under Forrest Li’s tightly controlled voting power.

Bear case

Sea is viewed negatively because its core businesses remain exposed to macroeconomic uncertainty, geopolitical tension, foreign-exchange volatility, and intensifying competition across Southeast Asia and beyond. Although Shopee showed strong 1Q26 momentum with $4.5BN of revenue, +44% y/y, and a 12.1% take rate, the company still faces pressure from higher shipping subsidies, fierce rivals such as BABA and JD, and the challenge of sustaining scale benefits in a rapidly changing market. Garena’s hit-driven model adds earnings fragility, while Monee’s growth outlook does not offset the structural risks in e-commerce and gaming, leaving fundamental execution and profitability risks elevated.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.