BofA raised the firm’s price target on Sea Limited (SE) to $170 from $160 and keeps a Neutral rating on the shares. While Sea reported revenues in-line with the firm’s and consensus estimates, EBITDA across divisions came in “much ahead” of estimates and management reiterated its “strong” fiscal year guidance led by a strong start to 2025, the analyst tells investors in a post-earnings note. The firm sees the stock as fairly valued in context of valuations, but believes Q1 sets a higher base for the company to “continue to surprise ahead,” the analyst added.
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