Jumia Stock Pops: Here's Why One Hedge Fund Thinks The "Amazon Of Africa" Can Take On Temu And Shein

fidelity
2025.11.28 16:56
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Jumia Technologies AG shares surged after a Hunterbrook Media report highlighted the company's turnaround efforts. The report repositions Jumia as a pan-African e-commerce and logistics platform, competing with Temu and Shein. Jumia's management aims for profitability by 2027, with recent financials showing improved revenue and reduced losses. The stock rose 7.25% to $12.79, nearing its 52-week high. Hunterbrook's investment fund disclosed a long position in Jumia, signaling confidence in its growth potential.