Jumia Technologies AG (JMIA) Receives a Buy from Raymond James

In a report released today, Aaron Kessler from Raymond James maintained a Buy rating on Jumia Technologies AG (JMIA), with a price target of $23. The company’s shares closed last Monday at $12.27, close to its 52-week low of $11.30.

According to TipRanks.com, Kessler is a top 25 analyst with an average return of 23.8% and a 71.7% success rate. Kessler covers the Technology sector, focusing on stocks such as Trade Desk Inc, Alphabet Inc, and Shutterfly.

Currently, the analyst consensus on Jumia Technologies AG is a Strong Buy with an average price target of $31.50, a 166.3% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $28 price target.

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The company has a one-year high of $49.77 and a one-year low of $11.30. Currently, Jumia Technologies AG has an average volume of 960.8K.

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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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