Why Is Jumia (JMIA) Stock Up 30% Today?

According to a Seeking Alpha report, Benchmark analysts led by Fawne Jiang stated that Jumia is in a favorable position to capture the "unmet pent-up demand" in the African e-commerce sector. Because the Berlin, Germany-based enterprise is a leader in the continent's online commerce arena, it stands poised to benefit from the underlying demographic transition. This dynamic could spark multiyear and potentially even multi-decade growth. To be fair, the latest assessment of JMIA stock is somewhat contrarian. ...