Jumia Technologies: The Stock That Made Wall Street Giggle Today
Enter Brad Erickson, RBC Capital’s very own Nostradamus of numbers. He took his price target and gave it a good ol’ fashioned raise, bumping it from $5 to $6.50 per share. Now, don’t get too excited-he didn’t exactly light the “Buy” signal flare. Nope, he kept his rating at “sector perform,” which is analyst-speak for “eh, maybe hold onto this one unless you’ve got nothing better to do.” But oh, the man had some bullish musings tucked into his research note. And by “bullish,” I mean he sounded about as optimistic as a guy who just found out his ex-wife remarried someone richer.