Benchmark Maintains Buy on Jumia Technologies, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on Jumia Technologies (NYSE:JMIA) but lowers the price target from $14 to $11.

August 07, 2024 | 7:32 pm
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NEUTRAL IMPACT
Benchmark analyst Fawne Jiang maintains a Buy rating on Jumia Technologies but lowers the price target from $14 to $11.
The Buy rating suggests continued confidence in Jumia Technologies' long-term prospects, but the lowered price target indicates some concerns about short-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100