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JMIA

Jumia Technologies

$37.74

-1.06 (-2.73%)

07:56
05/07/19
05/07
07:56
05/07/19
07:56

Jumia Technologies initiated with an Underweight at Morgan Stanley

Morgan Stanley analyst Brian Nowak started Jumia Technologies with an Underweight rating and $27 price target, stating that he acknowledges Jumia opportunity with its 4M active buyer base representing only about 1% penetration of Africa's addressable smartphone user base. However, he believes the company's low buyer retention rates mean the company needs large investment and strong execution to grow, noting that he estimates only 50% of current active buyers return over the next 12 months. Nowak also contends that the stock's current valuation understates the risks and uncertainties facing Jumia, he tells investors.

JMIA Jumia Technologies
$37.74

-1.06 (-2.73%)

05/06/19
05/06/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PagerDuty (PD) initiated with an Overweight at Piper Jaffray, with a Neutral at BTIG, with an Outperform at William Blair, with an Overweight at JPMorgan, with a Sector Weight at KeyBanc, with an Equal Weight at Morgan Stanley and with a Sector Perform at RBC Capital. 2. Tufin (TUFN) initiated with a Buy at Jefferies, with an Overweight at Piper Jaffray, with a Market Perform at William Blair, with a Hold at Stifel, with an Outperform at Oppenheimer, with an Overweight at JPMorgan and with an Overweight at Barclay. 3. Aclaris Therapeutics (ACRS) initiated with an Outperform at SVB Leerink. 4. Jumia Technologies (JMIA) initiated with a Neutral at Citi and with a Sector Perform at RBC Capital. 5. Omeros (OMER) initiated with an Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/19
STFL
05/07/19
INITIATION
Target $40
STFL
Hold
Jumia Technologies initiated with a Hold at Stifel
Stifel analyst Scott Devitt started Jumia Technologies with a Hold rating and $40 price target. The analyst awaits a more attractive entry point given Jumia's "relatively high" valuation compared to comparable marketplace platforms and "long path" to profitability.
05/07/19
BREN
05/07/19
INITIATION
Target $45
BREN
Hold
Jumia Technologies initiated with a Hold at Berenberg
Berenberg initiated Jumia Technologies with a Hold and $45 price target.
05/07/19
RAJA
05/07/19
INITIATION
RAJA
Market Perform
Jumia Technologies initiated with a Market Perform at Raymond James
Raymond James analyst Aaron Kessler started Jumia Technologies with a Market Perform rating, stating that while he expects robust e-commerce growth in Africa and thinks Jumia has significant potential beyond its core marketplaces, he also believes shares are fairly valued after advancing 170% from their IPO price of $14.50.

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