Jumia Technologies shares surge 10.05% premarket after Cantor Fitzgerald initiates coverage with Overweight rating and $18 price target.

Jumia Technologies surged 10.05% in premarket trading following Cantor Fitzgerald’s initiation of coverage with an Overweight rating and a $18.00 target price, signaling a 72% potential upside. The firm highlighted Jumia’s transformation into a streamlined e-commerce business and its positioning as a "high-risk/high-reward venture" in Africa’s underpenetrated e-commerce market. Despite a 25% year-over-year revenue increase in Q3 2025 ($45.6M) falling short of estimates, the analyst upgrade emphasized long-term growth potential amid strategic shifts and market expansion, driving premarket optimism.