DBS cuts target for Sea Limited stock from USD 148 to USD 105

Published on 10/12/2026 at 12:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS cut Sea's target from USD 148 to USD 105 on October 2, 2026. Sea Limited stock costs EUR 86.00 on October 12, 2026 beside the new target.

Key points in brief

DBS downgraded Sea Limited from Buy to Hold and cut its 12-month target from USD 148 to USD 105 on October 2, 2026.
Sea Limited reported USD 7.79 billion in revenue for the second quarter of 2026, up 48.10 percent year over year.
The stock was trading at EUR 86.00 at Lang & Schwarz on October 12, 2026 at 12:11 p.m. CEST.
Sea Limited trades on the NYSE under ticker SE.

SE, US81141R1005, Illustration mit AI erstellt.

DBS cut its 12-month price target for Sea Limited stock from USD 148 to USD 105 on October 2, 2026, while downgrading the shares from Buy to Hold. As El Fondo reported, DBS cited heavier Shopee investment and the risk of slower profit-margin expansion in 2027.

Why DBS cut the target

The new USD 105 target is USD 43 below the former USD 148 target, a reduction of 29.05 percent. DBS also estimated that Sea's 2027 e-commerce adjusted EBITDA would sit 5.00 percent below consensus and group adjusted EBITDA 6.00 percent below consensus, according to Yahoo Finance.

The pressure is concentrated in Shopee. DBS estimated that quick-commerce investment could reduce Shopee's 2026 adjusted EBITDA by 15.00 percent to 20.00 percent, with the drag easing to 5.00 percent to 10.00 percent in 2027.

Second quarter kept growing

The operating picture was stronger in the second quarter of 2026. Sea generated USD 7.79 billion in quarterly revenue, up 48.10 percent from the second quarter of 2025, while the Monee loan book reached USD 11.10 billion after growing 61.00 percent year over year, according to The Inference.

That contrast defines the debate around Sea: revenue growth remains high, but the next phase requires spending to defend Shopee's position. DBS also estimated that Sea's Migoo AI initiative could reduce 2027 adjusted EBITDA by USD 73.00 million to USD 175.00 million.

Next reporting date

Sea Limited's next earnings date is listed as November 10, 2026, according to Yahoo Finance. The date would put the third-quarter 2026 figures at the center of the next valuation discussion.

EUR 86.00 at Lang and Schwarz

Sea Limited was trading at EUR 86.00 at Lang & Schwarz on October 12, 2026 at 12:11 p.m. CEST. Sea Limited's American depositary shares trade on the NYSE under ticker SE, according to Citi. The further course of trading is shown by the continuously updated real-time quote of Sea Limited stock.