Has Sea Limited Stock Finally Escaped Choppy Waters?
Sea Limited (NYSE: SE) may finally benefit from its role as the premier e-commerce conglomerate in Southeast Asia.
Much like Amazon in the U.S. and in Latin America, it is the leading e-commerce company in its respective region. That helped the stock peak above $372 at the height of the 2021 bull market.
Unfortunately, missteps such as expanding Shopee's e-commerce operations outside of Southeast Asia and the reduced popularity of its Free Fire mobile game weighed on the stock during a brutal bear market. That led to a massive decline, and even with modest improvements, the stock sells at more than an 80% discount to its all-time high.
Source Fool.com
Mercadolibre Inc Stock
€1,468.8
-1.280%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1769 € there is a positive potential of 20.44% for Mercadolibre Inc compared to the current price of 1468.8 €.
