Benchmark resumed coverage of Jumia Technologies (JMIA) with a Buy rating with a price target of $18, up from $11. The most meaningful fundamental shift in the firm’s view compared with 18 months ago is Jumia’s “sharply improved” growth visibility, says the analyst, who views the Q3 report as an inflection point that marks the “emergence of an early flywheel setup.”
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Read More on JMIA:
- Jumia Technologies initiated with a Buy at Benchmark
- Jumia Technologies reports Q3 revenue $45.6M vs. $36.4M last year
- Jumia Technologies sees FY25 physical goods orders growth 25%-27%
- Jumia Technologies targets FY26 loss before income tax (25M)-(30M)
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