Bank of America (NYSE:BAC) Securities analyst Sachin Salgaonkar maintained a Buy rating on Sea on Wednesday, setting a price target of $345, which is approximately 27.34% above the present share price of $270.92.
Salgaonkar expects Sea to post earnings per share (EPS) of -$0.82 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Sea, with an average price target of $308.5.
The analysts price targets range from a high of $345 to a low of $260.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.76 billion and a net profit of -$348.41 million. The company's market cap is $142.08 billion.
According to TipRanks.com, Bank of America Securities analyst Sachin Salgaonkar is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -36.6% and a 20.00% success rate.
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.