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

Published on 10/13/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS moved Sea's target from USD 148 to USD 105 in its October 2, 2026 note. Sea Limited stock was EUR 86.30 on October 13, 2026.

DBS cut its 12-month Sea Limited target from USD 148 to USD 105 on October 2, 2026.
Sea generated USD 7.79 billion in GAAP revenue and USD 458.1 million in net income in the second quarter of 2026.
Sea Limited stock was at EUR 86.30 at Lang & Schwarz on October 13, 2026.
MarketBeat estimates Sea will report third-quarter 2026 results on November 10, 2026.

SE, US81141R1005, Illustration mit AI erstellt.

Sea Limited (ISIN US81141R1005) was at EUR 86.30 at Lang & Schwarz on October 13, 2026 at 12:07 p.m. CEST. Yahoo Finance reported on October 2, 2026 that DBS Group Research had cut its 12-month target from USD 148 to USD 105 and downgraded Sea from Buy to Hold.

Three dates frame the stock

On August 11, 2026, Sea reported second-quarter GAAP revenue of USD 7.79 billion, up 48 percent year over year, and net income of USD 458.1 million, up 11 percent, according to the Yahoo Finance transcript.

On October 2, 2026, DBS lowered its target to USD 105 from USD 148, while on October 7 and October 8, 2026, a BVI entity controlled by Chief Corporate Officer and General Counsel Yanjun Wang sold 2,000 Class A ordinary shares, according to StockTitan.

What does the target cut change?

DBS cited Shopee investment spending, quick-commerce expansion and competition from Pinduoduo as risks to profit-margin growth in 2027. Its forecast put Sea's 2027 e-commerce adjusted EBITDA 5 percent below consensus and group adjusted EBITDA 6 percent below consensus, according to Yahoo Finance.

The target change contrasts with Sea's second-quarter operating scale. Shopee GMV reached USD 38.3 billion, up 28 percent year over year, while Shopee adjusted EBITDA rose 12 percent to USD 255 million, according to the Yahoo Finance transcript. For investors, the central tension is growth funded by higher marketplace investment.

November results set the next test

MarketBeat estimates Sea will report third-quarter 2026 results on November 10, 2026, before the market opens. Its consensus calls for USD 8.08 billion in revenue and USD 0.9980 in earnings per share, compared with USD 5.99 billion and USD 0.59 in the year-earlier quarter.

Price and valuation context

Sea's primary listing is the New York Stock Exchange, where the October 12, 2026 last price was USD 95.88. The same market data put its market capitalization at USD 57.6 billion and its 52-week range at USD 77.05 to USD 184.96. The further course of trading is shown by the continuously updated real-time quote of Sea Limited stock.