The mean of analysts' price targets for Sea Limited Sponsored ADR (SE) points to an 81.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Sea Limited's revenue for its third quarter came in at $3.2 billion, up 17.4% year over year. Its gross profit jumped by 21.7% year over year to $1.2 billion, but net loss remained fairly constant at $569.3 million. Despite the weaker results, investors are probably feeling optimistic about what Forrest Li, Sea Limited's CEO, said in the earnings announcement.
This Latin American juggernaut continues to outperform, despite significant headwinds from a terrible economy.