Jumia Technologies AG (JMIA) Received its Third Buy in a Row

After RBC Capital and Raymond James gave Jumia Technologies AG (NYSE: JMIA) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Scott Devitt maintained a Buy rating on Jumia Technologies AG today and set a price target of $10.00. The company’s shares closed last Monday at $5.28, close to its 52-week low of $4.94.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.0% and a 66.5% success rate. Devitt covers the Technology sector, focusing on stocks such as Uber Technologies, Mercadolibre, and Eventbrite.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jumia Technologies AG with a $19.70 average price target, which is a 275.2% upside from current levels. In a report issued on November 13, RBC Capital also maintained a Buy rating on the stock with a $22.00 price target.

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The company has a one-year high of $49.77 and a one-year low of $4.94. Currently, Jumia Technologies AG has an average volume of 1.24M.

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Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment.

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