|
|
|
|
|||||
|
|
|
One analyst tracking the stock feels it's worthy of a price target hike.
His move came shortly after the company reported second-quarter earnings.
A meaty price target raise from an analyst made Jumia Technologies (NYSE: JMIA) stock irresistibly tasty for many market participants on Monday. The e-commerce company's shares rose in excess of 11% across the day's trading session, a rate that was more than good enough to crush the S&P 500 index with its 0.3% slump.
That rather considerable hike was made by RBC Capital prognosticator Brad Erickson. He shifted his price target upward, to $6.50 per share from his preceding $5. Although not quite a bull, as he continued to rate Jumia stock as only a sector perform (hold), he made several bullish points in his research note detailing the change.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »
Image source: Getty Images.
Erickson's move did not come out of the blue. It came several trading sessions after Jumia reported its second-quarter results.
These showed several encouraging developments, not least a 25% year-over-year improvement in total sales, to $45.6 million, topping the consensus analyst estimate of $43 million. This was accompanied by a 6% rise in gross merchandise value (GMV) to over $180 million. Management also raised full-year 2025 guidance for both the number of total orders and for GMV.
The company wasn't profitable according to several accounting line items, however, with operating loss deepening to over $20 million from the year-ago deficit of $16.5 million.
Erickson expressed a cautiously optimistic view of Jumia's second quarter, according to reports. The analyst zeroed in on the development of the order count, theorizing that it could bring the company to profitability sooner than expected. He speculated that it could meet the goal of hitting breakeven on the bottom line by the end of 2026.
Before you buy stock in Jumia Technologies Ag, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Jumia Technologies Ag wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,119,863!*
Now, it’s worth noting Stock Advisor’s total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of August 11, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
| Aug-11 | |
| Aug-08 | |
| Aug-07 | |
| Aug-07 | |
| Jul-25 | |
| Jul-21 | |
| Jul-09 | |
| Jul-08 | |
| Jul-02 | |
| Jun-30 | |
| Jun-10 | |
| May-13 | |
| May-13 | |
| May-09 | |
| May-08 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite