
Sea (SE) Stock Forecast & Price Target
Sea (SE) Analyst Ratings
Bulls say
Sea is supported by a three-engine model in which Shopee, Garena, and Monee are all scaling, with 3Q revenue of $8.58BN up 43.4% y/y and Shopee GMV of $39.7BN rising 23.3% y/y while monetization improved through a 13.4% marketplace take rate and stronger ad revenue. Garena’s Free Fire franchise continues to generate durable cash flow, with 3Q bookings of $890MM and revenue of $840.1MM, while Monee adds a fast-growing financial layer as revenue rose 63.9% y/y to $1.62BN and its loan portfolio reached $12.6BN. The outlook is further strengthened by management’s commitment to disciplined capital allocation, including a clarified Sea Cloud strategy, plus ongoing share repurchases and the potential value-unlocking upside from Monee’s standalone listing.
Bears say
Sea is facing a fundamentally weaker earnings profile because the 3Q top-line beat was not enough to offset EBITDA shortfalls caused by heavier investment in faster delivery, Shopee VIP, cloud ramp, and model-training spending for the AI business. Management’s confidence that 2026 Shopee EBITDA can surpass $1BN sits alongside lower estimates, including a ~7% cut to FY26 EBITDA and ~14% annual reductions on average from 2026E to 2031E, reflecting weaker near-term profitability and execution risk. The outlook is further pressured by intensifying competition from China internet firms and local rivals, while the dependency on Free Fire monetization and Shopee GMV/take-rate expansion adds concentration risk.
This aggregate rating is based on analysts' research of Sea and is not a guaranteed prediction by Public.com or investment advice.
Sea (SE) Analyst Forecast & Price Prediction
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