The analysis discusses Sea Limited's stock performance, which soared until September 2025 before declining to $136 per share. The analyst had a buy rating until September 9, 2025, downgrading it to hold. Investors are now asking if the stock is a buy on the dip and why the price is falling. The Motley Fool sponsors the video. The video highlights the tariffs by the U.S., the increasing competition from Mercado Libre and Grab, and an earnings miss in the recent Q3 earnings report with an EPS of $0.59, which fell short of expectations by $0.43, the revenue exceed $6 billion. Analyst optimism from Deutsche Bank and Barclays upgraded the stock. Over the previous 30 days, the stock has declined by 22% due to increased competition. The analyst mentions competition such as increasing supply, more advertising, and enhanced product features. The economies where Sea Limited operates, including Brazil and Southeast Asia, are experiencing slower growth due to U.S. tariffs, affecting manufacturing. The analyst calculated a fair value for Sea Limited at $146.35 per share using discounted cash flow. The price to OCF is 17.75. The analyst prefers Grab Holding to Sea Limited.