Crypto Updates

Breaking Down Sea: 16 Analysts Share Their Views

Veteran Trader Peter Brandt Asks Macro Guru If Bitcoin Bull Has Finally Awoken From Deep Slumber

During the last three months, 16 analysts shared their evaluations of Sea (NYSE:SE), revealing diverse outlooks from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 7 4 0 0
Last 30D 0 1 0 0 0
1M Ago 3 1 0 0 0
2M Ago 0 0 0 0 0
3M Ago 2 5 4 0 0

Analysts have recently evaluated Sea and provided 12-month price targets. The average target is $69.12, accompanied by a high estimate of $92.00 and a low estimate of $43.00. Surpassing the previous average price target of $53.86, the current average has increased by 28.33%.

Analyzing Analyst Ratings: A Detailed Breakdown

The analysis of recent analyst actions sheds light on the perception of Sea by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Scott Devitt Wedbush Maintains Outperform $72.00
Fawne Jiang Benchmark Maintains Buy $78.00
Jiong Shao Barclays Raises Overweight $85.00 $68.00
Rob Sanderson Loop Capital Raises Buy $92.00 $59.00
Sachin Salgaonkar B of A Securities Raises Buy $70.00 $62.00
Venugopal Garre Bernstein Raises Outperform $70.00 $60.00
Mark Goodridge Morgan Stanley Raises Equal-Weight $65.00 $47.00
John Blackledge TD Cowen Raises Market Perform $52.00 $40.00
Piyush Choudhary HSBC Raises Buy $76.00 $70.00
Fawne Jiang Benchmark Raises Buy $78.00 $65.00
Jiong Shao Barclays Raises Overweight $68.00 $59.00
Sachin Salgaonkar B of A Securities Raises Neutral $55.00 $46.00
Scott Devitt Wedbush Raises Outperform $72.00 $45.00
Ranjan Sharma JP Morgan Raises Overweight $70.00 $43.00
Venugopal Garre Bernstein Raises Outperform $60.00 $50.00
Ranjan Sharma JP Morgan Raises Neutral $43.00 $40.00

Key Insights:

Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Sea. This information offers a snapshot of how…

Click Here to Read the Full Original Article at Cryptocurrencies Feed…