What Made Stifel Nicolaus Upgrade Sea’s Stock?

In a report released yesterday, Scott Devitt from Stifel Nicolaus upgraded Sea (SEResearch Report) to Buy, with a price target of $400.00. The company’s shares closed last Tuesday at $333.55, close to its 52-week high of $359.84.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 33.9% and a 70.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Zillow Group Class A, Uber Technologies, and Alphabet Class A.

Sea has an analyst consensus of Strong Buy, with a price target consensus of $361.83.

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The company has a one-year high of $359.84 and a one-year low of $141.86. Currently, Sea has an average volume of 3.26M.

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Founded in 2009, Singapore-based Sea Limited is an internet and mobile platform company, which provides provides online personal computer and mobile digital content, e-commerce, gaming services and payment platforms. The company operates through three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively.