GoTo schedules treasury share vote as analysts target GoTo stock at IDR 70.50

Published on 10/13/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analysts set GoTo's consensus target at IDR 70.50 on October 8, 2026. The vote on 32.19 billion shares affects GoTo stock on October 14, 2026.

Key points in brief

GoTo has scheduled an extraordinary shareholder vote for October 14, 2026, covering 32.19 billion treasury shares.
The proposed cancellation equals 2.70 percent of issued shares and would reduce the share count if approved.
GoTo reported IDR 5.70 trillion in second-quarter 2026 net revenue and IDR 252.00 billion in net profit.
The IDX quote was IDR 27.00 on October 13, 2026, while the market capitalization was IDR 28.8 trillion.

GoTo, ID1000166903, Illustration mit AI erstellt.

GoTo is preparing an extraordinary shareholder meeting for October 14, 2026, while a consensus target of IDR 70.50 was reported for GoTo stock on October 8, 2026. The meeting will decide whether 32.19 billion treasury shares are cancelled and will also consider a senior management resignation.

As CNBC Indonesia reported on October 13, 2026, the meeting will address a capital reduction and the resignation of Catherine Hindra Sutjahyo as Vice President Director. The proposed share cancellation requires shareholder approval.

Three dates define the setup

On September 22, 2026, GoTo published the meeting agenda, including the proposed cancellation of more than 32.00 billion treasury shares, equal to 2.70 percent of issued shares. On October 2, 2026, Kontan reported second-quarter 2026 net revenue of IDR 5.70 trillion, net profit of IDR 252.00 billion and adjusted EBITDA of IDR 1.00 trillion.

The October 13, 2026 meeting notice turns the earlier agenda into the immediate market event. If approved, the cancellation would reduce the number of shares in circulation while increasing each remaining holder's proportional ownership, assuming individual holdings stay unchanged.

What does the share cancellation change?

The proposal covers 32.19 billion Series A treasury shares bought during the period from June 12, 2024, to June 11, 2025. The amount equals 2.70 percent of issued shares, a concrete reduction in the share base rather than a new operating investment.

The business figures provide a counterweight to the corporate action. Second-quarter 2026 net revenue of IDR 5.70 trillion was 31.00 percent higher year over year, while adjusted EBITDA reached IDR 1.00 trillion. Dow Jones Newswires reported that GoTo also maintained full-year adjusted EBITDA guidance of IDR 3.20 trillion to IDR 3.40 trillion in a September 30, 2026 report.

Targets contrast with the quote

Bloomberg Technoz reported on October 8, 2026 that the analyst consensus target was IDR 70.50 for a 12-month horizon. The same report cited 22 buy ratings, 6 hold ratings and 1 sell rating, putting the target against the latest IDX quote of IDR 27.00 on October 13, 2026.

IDX quote and next date

The IDX quote stood at IDR 27.00 on October 13, 2026 at 2:49 p.m. WIB, while market capitalization stood at IDR 28.8 trillion on the same date. The next substantiated event is the extraordinary shareholder meeting on October 14, 2026, when shareholders are due to vote on the treasury-share cancellation and the management change.