Why Sea Limited Stock Just Popped
Shares of Singapore-based e-commerce, payments, and online gaming company Sea Limited (NYSE: SE) had surged 6.4% by 10:30 a.m. EST on Monday, approaching $230 a share. This morning, analysts at Morgan Stanley (NYSE: MS) announced they are raising their price target on the stock to $250.
Image source: Getty Images.
It's not hard to see why Morgan Stanley thinks the stock is worth more than the $188 it previously targeted. Thanks to higher gaming revenue and increased e-commerce monetization, Morgan Stanley is projecting Sea Limited's fiscal 2022 profits will grow 467%, according to TheFly.com,
Source Fool.com
