Cantor Fitzgerald Lowers Jumia Technologies Price Target to $9
Cantor Fitzgerald analyst Deepak Mathivanan has maintained an Overweight rating on Jumia Technologies while lowering the firm's price target from $11 to $9.
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Cantor Fitzgerald analyst Deepak Mathivanan maintains Jumia Technologies (NYSE:JMIA) with a Overweight and lowers the price target from $11 to $9.
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Cantor Fitzgerald analyst Deepak Mathivanan has maintained an Overweight rating on Jumia Technologies while lowering the firm's price target from $11 to $9.
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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.