Why Is Jumia (JMIA) Stock Up 30% Today?
JMIAJumia(JMIA) Investor Place·2024-07-10 03:48

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 ...