GoTo stock falls 3.33 percent while fintech EBITDA jumps 447 percent

Published on 10/08/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GoTo stock trades at IDR 29 on IDX on October 8, 2026, with a market value of IDR 30.9 trillion. A shareholder vote is set for October 14.

GoTo, ID1000166903, Illustration mit AI erstellt.

GoTo stock (ISIN ID1000166903) was trading at IDR 29 on the IDX on October 8, 2026, down 3.33 percent, while its market capitalization stood at IDR 30.9 trillion. The company enters the session with fintech growth and a planned shareholder vote as the key company-specific markers.

Fintech growth reaches 447 percent

In Q2 2026, GoTo's adjusted fintech EBITDA rose 447 percent year over year to IDR 481 billion, according to Kontan on October 7, 2026. Fintech net revenue increased 53 percent to IDR 2.07 trillion, while monthly fintech transacting users reached 28.8 million, up 29 percent.

The segment's 2.4 billion transactions represented a 91 percent year-over-year increase, and core fintech GTV also rose 91 percent to IDR 157 trillion, the report said. Those figures give investors a more specific operating counterweight to the stock's recent trading volatility.

Analysts set targets above IDR 29

According to Bloomberg Technoz on October 7, 2026, UOB Kay Hian set a target of IDR 60, CLSA assigned IDR 70, Citi assigned IDR 95, and JP Morgan set an Overweight view with a target of IDR 68. The same report cited Deutsche Bank's IDR 85 DCF valuation and a JP Morgan downside floor of IDR 25 to IDR 30.

Using the JP Morgan target of IDR 68 against the IDR 29 market price, the target lies 134.5 percent above the price. The spread is a valuation comparison, not a forecast of the stock's next trading session.

Shareholder vote sets the next date

GoTo is scheduled to hold an extraordinary shareholder meeting on October 14, 2026, to consider canceling 32,186,417,803 Series A treasury shares, according to CNBC Indonesia on September 23, 2026. The meeting also covers a proposed management change, while the treasury-share cancellation would reduce issued and paid-up capital if approved.

GoTo's current market figures show IDR 29, a 52-week range of IDR 26 to IDR 73, and volume of 3,604,136,016 shares as of October 8, 2026. The operating figures and the capital action therefore sit alongside a stock price only IDR 3 above its 52-week low.

GoTo stock trades above its yearly low

GoTo stock was trading at IDR 29 on the IDX on October 8, 2026 at 2:29 p.m. WIB, down 3.33 percent. The price, market value, and trading activity frame the October 14 vote as the next dated corporate checkpoint rather than a standalone valuation signal.