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Jumia Technologies Stock Surges 11% on Analyst Price Target Raise
Jumia Technologies Stock Surges 11% on Analyst Price Target Raise
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BTCCSquare news:
Jumia Technologies (JMIA) shares jumped more than 11% Monday after RBC Capital analyst Brad Erickson raised his price target to $6.50 from $5. The e-commerce company's stock outperformed the broader market, which slipped 0.3%.
Erickson maintained his 'sector perform' rating but highlighted positive developments in Jumia's second-quarter results. The company reported a 25% year-over-year revenue increase to $45.6 million, beating analyst estimates of $43 million. Gross merchandise value ROSE 6% to $180 million.
Despite the revenue growth, Jumia's operating loss widened to $20 million from $16.5 million a year earlier. Management raised full-year 2025 guidance for both total orders and GMV, signaling confidence in future growth.
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