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JMIA

Jumia Technologies

$26.69

1.78 (7.15%)

08:13
05/14/19
05/14
08:13
05/14/19
08:13

Jumia Technologies upgraded to Outperform on growth, valuation at Raymond James

As previously reported, Raymond James upgraded Jumia Technologies to Outperform from Market Perform and established a $36 price target following the strong Q1 report. Analyst Aaron Kessler believes the recent share declines provides a buying opportunity and expects strong GMV growth and margin improvement to continue. The analyst views Jumia as a leading pan-African eCommerce marketplace, expects robust growth to continue, and sees significant potential core strength in payments and other services.

JMIA Jumia Technologies
$26.69

1.78 (7.15%)

05/13/19
STFL
05/13/19
UPGRADE
Target $34
STFL
Buy
Stifel says Jumia off to good start as public company, upgrades to Buy
Stifel analyst Scott Devitt said "Jumia is off to a good start as a public company," noting that the company reported Gross Merchandise Volume growth that beat management's preliminary forecast in its first report since its IPO. Jumia, whose shares have fallen 50% over the last 12 days, is currently trading at six times 2020 estimated GMV based on his new estimates, noted Devitt, who sees Jumia being well-positioned to benefit from the positive secular trends in commerce and digital payments as the leader in the most attractive markets in Africa. However, he lowered his price target on the stock to $34 from $40 after lowering his intermediate-term adjusted EBITDA forecasts.
05/14/19
RAJA
05/14/19
UPGRADE
RAJA
Outperform
Jumia Technologies upgraded to Outperform from Market Perform at Raymond James
05/14/19
BREN
05/14/19
UPGRADE
Target $45
BREN
Buy
Jumia Technologies upgraded to Buy from Hold at Berenberg
Berenberg analyst Sarah Simon upgraded Jumia Technologies to Buy from Hold with a $45 price target.
05/14/19
MSCO
05/14/19
NO CHANGE
Target $22
MSCO
Underweight
Jumia Technologies price target lowered to $22 from $27 at Morgan Stanley
Morgan Stanley analyst Brian Nowak lowered his price target on Jumia Technologies to $22 from $27, stating that the higher than expected fulfillment costs reported in Q1 are notable given his previously expressed view that fulfillment cost leverage will be key to reaching profitability. Following the Q1 report, Nowak increased his forward fulfillment estimates, leading him to estimate higher EBITDA losses and trim his target. He keeps an Underweight rating on Jumia shares, citing his preference for large cap stocks with more upside and less execution risk.

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