GoTo consensus stays bullish, analysts see upside for shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 19:43.

GoTo Gojek Tokopedia (ID1000170509) sits under a clearly positive analyst lens. Consensus data from Jakarta-listed GoTo on the Indonesia Stock Exchange show a Buy stance with measurable upside in the 12-month targets according to Investing.com.Analyst consensus overview on Investing.com

What the consensus shows

For GoTo in Jakarta, 21 analysts contribute to the current recommendation picture, with 17 rating the stock Buy, 5 Hold and none pointing to a Sell, per Investing.com.Analyst distribution and ratings The average 12-month price target stands at 78.54 Indonesian rupiah (IDR), with individual targets ranging between 60 and 102 IDR.

The consensus upside versus the latest closing level of 50 IDR implies around 57 percent potential according to the same data set.Implied upside and target range Over the past 52 weeks, GoTo shares have traded between 50 and 73 IDR on the Indonesia Stock Exchange, marking the current price near the lower end of this documented range.52-week trading band for GoTo

Views from Indonesia-focused research

Local research houses have also revisited GoTo’s valuation. A September 2025 equity snapshot by BRI Danareksa Sekuritas, cited by brights.id, discussed GoTo Gojek Tokopedia in comparison with Grab and maintained a Buy rating with a target price of 100 IDR, highlighting improving profitability and narrowing losses at Tokopedia.BRI Danareksa Sekuritas equity snapshot on GoTo The note pointed to efficiencies and growth in GoTo’s financial services arm as pillars for the medium-term case.

An earlier thematic piece on brights.id focused on gross transaction value (GTV) dynamics across Gojek and Tokopedia and argued that GTV could recover to around 150 trillion rupiah in the third quarter of 2023, with adjusted EBITDA in the second quarter of 2023 at 1.21 trillion rupiah supported by cost-cutting in marketing and personnel.Brights.id research on GoTo GTV and EBITDA That earlier analysis framed breakeven EBITDA as reachable around the first quarter of 2024 under pragmatic execution by management.

How GoTo makes its money

GoTo Gojek Tokopedia operates as an Indonesian technology group that combines ride-hailing, e-commerce and financial services under one umbrella, according to its corporate materials.Corporate overview on GoTo’s website The Gojek platform focuses on on-demand mobility and services, Tokopedia provides marketplace-based online retail, and GoPay offers digital payments and financial features embedded in the broader ecosystem.

Where the GoTo shares trade today

The GoTo Gojek Tokopedia shares (ID1000170509) most recently closed on the Indonesia Stock Exchange in Jakarta at 50 IDR, with the consensus and price data referenced here based on Investing.com figures as of 2026-06-23.Latest GoTo price and quote snapshot

This article is for informational purposes only and does not constitute investment advice, a buy or sell recommendation, or a solicitation to trade any financial instrument. All data are based on sources cited in the text and may change without notice.