Monday, February 01, 2021 9:12:04 PM
Sea Limited shares rose almost 8%. The Asian e-commerce company doesn't have quite the brand-name awareness in the U.S. that its American peers have, but Sea has been growing at a strong pace for quite a while.
Today's move higher for Sea came courtesy of stock analysts at Morgan Stanley, who boosted their price target on the stock by $62 per share to $250. Morgan Stanley believes that Sea's combination of e-commerce, mobile gaming, and fintech-related revenue combine to make the company a rising force in the region, and with moves to push into the banking industry, Sea has even bigger growth prospects ahead.
Sea's location in Singapore also gives it political shelter from tensions between the U.S. and China. Unlike with Sea's Chinese rivals, U.S. investors don't have to worry about potential delisting or other trade war-inspired issues affecting their portfolios directly. That makes it an even more attractive play on the fast-growing Asian region right now.
https://www.fool.com/investing/2021/02/01/3-hot-stocks-that-led-stock-markets-higher-monday/
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