Jumia Technologies AG (JMIA) Receives a Rating Update from a Top Analyst


Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Jumia Technologies AG (JMIA) today and set a price target of $28. The company’s shares closed last Monday at $12.69, close to its 52-week low of $11.30.

Devitt noted:

“We believe the company is effectively addressing many of the frictions to eCommerce in the region. As a leading eCommerce and payments player in Africa, we believe the long-term opportunity remains highly attractive. Nothing in today’s report changes our view. We maintain our Buy rating and move our price target to $28.”

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 20.7% and a 68.3% success rate. Devitt covers the Technology sector, focusing on stocks such as Uber Technologies Inc, Eventbrite Inc, and Alphabet Inc.

Jumia Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $36.50.

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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 922.6K.

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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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