In this article, we will be discussing the JMIA stock forecast ( Jumia Technologies Inc) which is one of the growth stocks that came into the limelight during covid times. We will first look at the Jumia stock fundamentals and then follow with predictions for years between 2022 till 2050.
The predictions are solely based on personal analysis of the market and stock. You should always do your own research before investing however the aim of this article is to give you all the right information so you can make an informed decision. So without further ado, let’s start with the analysis and prediction of JMIA stock.
What is Jumia Technologies ( JMIA)?
Jumia Technologies ( JMIA) is a leading e-commerce company in Africa. It was founded in 2012 and has since grown to become one of the largest online retailers in the region, offering a wide range of products including electronics, fashion, home and living, and health and beauty. Jumia operates in various countries across Africa, including Nigeria, Ghana, Kenya, Morocco, and Egypt. The company is listed on the New York Stock Exchange and is headquartered in Berlin, Germany.
It is focused on driving the development of the e-commerce market in Africa. The company operates an online marketplace that connects buyers and sellers, allowing customers to purchase products from a wide variety of local and international brands. In addition to its online marketplace, Jumia also offers a range of other services, such as payment processing, fulfillment, and logistics.
Company Fundamentals
Before diving deep into the future prediction it’s worth looking at the company’s fundamentals. Please note that Jumia Technologies is still a new and growing company and you can expect it to not make any concrete profit on the balance sheet but that should not be taken as a key indicator to analyze companies future performance.
Market Cap
$333.59M
Income
-$267.20M
Sales
$217.50M
EPS Q/Q
37.20%
Sales Q/Q
18.30%
52 Week Range
$2.92 – $12.53
P/S ( Price – To -Sales )
1.53
Data for company fundamentals in the above table is referenced from FinViz as of 12/30/2022. For the latest and up-to-date data please refer here.
JMIA Stock Price Analysis In 2022
Jumia stock has not performed very well in the year 2022. It was under pressure from the economic environment and because of overall recession fears purchasing from end users has significantly reduced as well. However, the demand is expected to pick up in coming years which will put Jumia back on track for growth trajectory.
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JMIA stock forecast 2023
Year
Price Range
2023
$5.73 – $11.60
According to various analysts and our research team’s analysis, the price of Jumia will be range bound between $5.73 to $11.60 for 2023. The bull case prediction is about $11.60 and the bear case prediction is about $5.
Jumia has experienced rapid growth since its founding and has attracted significant investment from major companies such as Goldman Sachs and MTN Group. It has also received recognition for its business model and innovation, including being named one of Fast Company’s “Most Innovative Companies” in 2015.
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Africa still has a lot of potentials to grow in the e-commerce sector and Jumia will play a big role in that and expect to capture a good market share in the next coming year.
JMIA stock forecast 2025
Year
Price Range
2025
$12 – $15.60
According to several analysts, the prediction for 2025 is between $12 and $15.60. In a bull case scenario, the price is expected to be $16 on the higher side and in a bearish scenario, it is expected to be $12.
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JMIA stock forecast 2030
Year
Price Range
2030
$25 – $35.80
According to industry experts and Jumia financial reports, the prediction for 2025 is between $25 and $35. In a bull case scenario, the price is expected to be $35 on the higher side, and in a bearish scenario, it is expected to be $25.
The year 2025 could be the comeback year from the recent downturn and recession fears that have plagued the market. All sectors are expected to grow in 2025 and especially the growth sector has the potential to grow at a rapid pace since the interest rates are expected to go down again after 2 years.
The above factors will help JMIA to stabilize the balance sheet and expand further in the African region.
JMIA stock forecast 2040
Year
Price Range
2040
$60 – $80
According to several analysts, the prediction for 2040 is between $60 and $80. In a bull case scenario, the price is expected to be $80 on the higher side, and in a bearish scenario, it is expected to be $60.
Jumia Technologies’ focus on achieving profitability, as indicated by its flat top line, may be reflected in its management’s priorities. In its latest earnings statement, the company emphasized its plan to become profitable more than its efforts to increase revenue. As part of this effort, the co-CEOs Jeremy Hodara and Sacha Poignonnec have been replaced by acting CEO Francis Dufay, who previously oversaw the company’s e-commerce operations across Africa.
All these changes have shown improvement in the recent performance of Jumia and it should continue to pour in great results in the next decade.
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JMIA stock forecast 2050
Year
Price Range
2050
$100+
According to industry experts, Africa has really opened up to e-commerce during the covid era and that has given a way to e-commerce companies like Jumia a good path forward. Jumia is currently the market leader of e-commerce in the African region and you can easily call it the Amazon of Africa.
If Jumia can manage to capture even a 30-40 market share in this space it has a high potential to cross 100+ by 2050. Of course, this all depends on how well it can manage the current pressure of operating margin and growing revenue.
Forecasts for Jumia stock prices
Year
Price Range
2023
$5.72-$11.60
2025
$12-$15.60
2030
$25-$35.80
2040
$60-$80
2050
$100+
Based on various industry experts and our own research on JMIA stock above is a summary of forecasts for Jumia stock prices in 2023, 2025, 2030,2040, and 2050.
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Disclaimer: This is a prediction based on a consolidated analysis of different experts however it accounts for many factors that depend on future microeconomic environments and that could change over the next few years. Always do your own research before buying into any investments.
FAQ
This is a list of frequently asked questions that people have asked about JMIA Stock.
What will Jumia stock be worth in 2023?
Jumia stock is expected to be worth about $9.50 on average. On the higher side, it could go up to $11.60 and on the lower side, it might touch about $5.72.
What will Jumia stock (JMIA) be worth in 5 years?
Jumia stock is expected to be worth about $20 on average. On the higher side, it could go up to $35.80 and on the lower side, it might touch about $25.
Is Jumia Buy Sell or Hold?
Jumia bas an overall rating of Hold at the current moment based on the average rating given by industry experts. A more detailed analysis can be referred to here.
Can Jumia be the next Amazon?
It is possible for Jumia Technologies to become a major player in the e-commerce industry in Africa, but it is difficult to predict whether it will reach the level of success and global dominance that Amazon has achieved. Jumia has seen rapid growth since its founding and specifically during covid lockdown when the digital marketspace really accelerated.
The e-commerce market in Africa is still relatively young and competitive, and there are many factors that can impact a company’s success, such as market conditions, regulatory environment, and the actions of competitors. It is ultimately up to Jumia’s management and its ability to adapt and innovate in order to drive the company’s growth and success in the future.
Final Thoughts
The company has a strong focus on customer experience and aims to make shopping online in Africa as convenient and hassle-free as possible. To this end, Jumia offers a range of delivery options, including same-day delivery in some areas, as well as easy returns and customer support.
There are a number of reasons why we believe that Jumia Technologies ( JMIA ) has great potential to expand and grow in the e-commerce sector. Africa, in general, was not known for e-commerce however covid has changed that perspective and now many people are getting into online purchasing. This gives a great opportunity for Jumia as a market leader in the African region.
There is very likely potential for Jumia stock to explode in the next few years. Having said that It is always a good idea to do your own research and consider all relevant information before making any investment decisions.
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