Jumia Technologies NYSE: JMIA stock is jumping, and the move is the start of a much larger rally that could last for decades. Today, Jumia is a small, African-based eCommerce portal. Over time, it will grow into a giant. African economies are projected to grow at a globe-leading average of 3.7% this year, accelerate to over 4.% next year, and sustain acceleration for the foreseeable future. Most nations are forecasted to grow faster than 5% this year and accelerate next, compounded by a rapidly growing midd ...

Jumia (NYSE:JMIA), an e-commerce platform provider focused on the African market, saw its shares soar on Tuesday following a strong analyst endorsement. Experts at Benchmark initiated coverage of JMIA stock with a “buy” rating. In addition, they anticipate that shares will swing up to $14. That implies upside potential of over 60% relative to Monday’s close.According to a Seeking Alpha report, Benchmark analysts led by Fawne Jiang stated that Jumia is in a favorable position to capture the “unmet pent-up de ...

Ready to invest in African e-commerce? This stock could be your best bet.Jumia Technologies (JMIA 31.32%) is hardly a household name in the United States, but a lot of investors are getting familiar with the rising African e-commerce star on Tuesday, after a Benchmark analyst initiated coverage of Jumia with a "buy" rating and a $14 price target.Valued at just $8 and change before today's rating, Jumia shares soared in afternoon trading, passing $11 a share by 1:45 p.m. ET -- a 30% gain. Introducing Jumia T ...

Benchmark initiated coverage of Jumia Technologies AG - ADR (NYSE:JMIA) today with a "buy" rating and $14 price target, which implies a more than 65% premium to its previous close. The firm noted a demographic transformation that set the e-commerce name as a leader in Africa, and added it is at a point of inflection. JMIA is up 29.8% to trade at $10.98 at last check, pacing for its best day since February after earlier surging to a two-year high of $11.20. The shares staged a bounce off the $7 region, which ...

The most recent trading session ended with Jumia Technologies (JMIA) standing at $8.46, reflecting no shift from the previouse trading day's closing. This change lagged the S&P 500's 0.1% gain on the day. Elsewhere, the Dow saw a downswing of 0.08%, while the tech-heavy Nasdaq appreciated by 0.28%.The the stock of company has risen by 12.8% in the past month, leading the Retail-Wholesale sector's gain of 3.31% and the S&P 500's gain of 4.08%.Investors will be eagerly watching for the performance of Jumia Te ...

In the latest market close, Jumia Technologies (JMIA) reached $7.28, with a +1.39% movement compared to the previous day. This change outpaced the S&P 500's 0.16% gain on the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.49%.Prior to today's trading, shares of the company had gained 15.06% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.04% and the S&P 500's gain of 3.22% in that time.The upcoming earnings release of Jumia Technologies will be of gr ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Jumia Technologies (JMIA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Jumia Technologies is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks S ...

Dublin, June 07, 2024 (GLOBE NEWSWIRE) -- The "Kenya Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.The E-commerce market in Kenya is expected to grow by 12.86% on annual basis to reach US$2.6 billion in 2024, growing steadily over the foreca ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Jumia Technologies (JMIA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Jumia Technologies is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #13 ...

Dismissing e-commerce as a fading trend is farcical. I means it’s not the most ‘it’ thing for investors following the generative AI explosion, but the market still has a spectacular growth runway ahead. Moreover, a recent Shopify (NYSE:SHOP) report showed that global e-commerce revenues could potentially jump to $6.33 trillion this year and roughly $8 trillion by 2027. Hence, writing off cheap e-commerce stocks would be foolish.As we look ahead, I expect traditional retail models to continue buckling under ...