Jumia held third-quarter earnings and an investor day, but it was really an analyst raising his target price that caused the stock to take off.
Investing.com -- Jumia Technologies AG (NYSE:JMIA) stock surged 8.1% Tuesday after Craig-Hallum analyst Ryan Sigdahl initiated coverage with a Buy rating and $18 price target.
Shares of Jumia Technologies JMIA went on quite the ride Tuesday after reporting first-quarter financial results. Investors saw the company report a drop in revenue and shares immediately sold off.
LAGOS, NIGERIA / ACCESSWIRE / August 16, 2024 / Jumia Technologies AG, (NYSE:JMIA) ("Jumia" or "the Company") a leading e-commerce platform in Africa, today announced that it has completed its ...