Jumia Technologies AG is trading 8% up today at approximately the mid-$7 range, extending a sharp two-day rally following a recent analyst upgrade to Buy with a $7.50 price target.
- The stock continues to gain momentum after Benchmark upgraded the e-commerce platform, citing a positive outlook for the company's growth trajectory.
- Speculative interest is building ahead of a June 11 virtual investor meeting hosted by Benchmark, as traders position for new insights on the company's growth and profitability outlook.