Shares of Jumia Technologies AG (JMIA) tumbled 5.17% during Tuesday's intraday trading session, following analysts significantly lowering their revenue and earnings estimates for the e-commerce company in 2025.
According to the latest analyst coverage, Jumia's consensus revenue forecast for 2025 has been revised down to $185 million, marking an 11% cut from the previous estimate of $220 million. The analysts also increased their expected losses per share for the year, revising the estimate from $0.46 to $0.67.
The downgrades suggest analysts have grown more pessimistic about Jumia's growth prospects and profitability outlook. While they maintained their average price target of €3.52, the significant cuts to revenue and earnings projections could signal underlying concerns about the company's performance and leave investors wary.
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