JMIA Similar Chart Price Prediction
The price of JMIA is predicted to go up 3.92%, based on the high correlation periods with SENEB. The similarity of these two price pattern on the periods is 99.21%.
JMIA
SENEB
Up: 3.92%Similarity: 99.21%
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JMIA Analyst's Forecast
Brad Erickson
RBC Capital
Hold
2024-11-13
Price Target
$5
Upside
+28.87%
RBC Capital initiated coverage of Jumia Technologies with a Sector Perform rating and $5 price target. Jumia is the largest pan-African e-commerce vendor with an attractive combination of an underpenetrated end market with a leading brand, asset-light vertical integration and growing moat with potential longer-term optionality, the analyst tells investors in a research note. However, the firm says it would like to get more constructive as it seeks better visibility on a faster path to profitability. Newer management is rebuilding a more sustainable cost structure which will take some time, says RBC.
