The Singapore-based e-commerce and gaming giant Sea Limited (NYSE: SE) has been on a roll this year, with its stock rising 51% year to date. This massive return is because of the company's impeccable business performance. The company has become one of the most popular companies in Southeast Asia, growing revenue by over 2,800% since late 2016. Read More...
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Morgan Stanley Pounds the Table on Roblox Stock
Following Roblox’ (RBLX) excellent Q3 showing, Morgan Stanley analyst Brian Nowak said his RBLX model was under review. Well, that assessment period is now over, and Nowak’s deep dive has merited a new price target. The figure rises from $88 to $150, suggesting shares have room for another 25% uptick from current levels. Unsurprisingly, Nowak’s rating remains an Overweight (i.e. Buy). (To watch Nowak’s track record, click here) So, what’s behind the positive outlook, then? “RBLX’s 3Q results and
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