poisar

Stocks · News reference

Cantor Fitzgerald Maintains Overweight on Jumia Technologies, Lowers Price Target to $11

Benzinga Newsdesk

Cantor Fitzgerald analyst Deepak Mathivanan maintains Jumia Technologies (NYSE:JMIA) with a Overweight and lowers the price target from $16 to $11.

More stocks newsConnected markets

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

JMIA
Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. Eric Volkman

    Why Jumia Technologies Stock Blasted Almost 16% Higher Last Month

    Jumia Technologies stock surged nearly 16% in August following strong Q2 earnings that showed 14% revenue growth to $52 million and 20% GMV growth to $207 million. The company secured $50 million in fresh capital, including a $25 million investment from the World Bank's International Finance Corporation. Despite continued net losses, management targets breakeven on adjusted EBITDA by Q4, with strong momentum particularly in Nigeria.

    JMIA