Rancak Media – JAKARTA — Shares of technology issuer PT GoTo Gojek Tokopedia Tbk. (GOTO) experienced sideways trading today, Wednesday (26/11/2025), moving within a narrow range of Rp64 to Rp65 per share. This lateral movement follows the public disclosure of the company’s Annual General Meeting of Shareholders (AGMS) agenda, which included the appointment of Hans Patuwo as the new Chief Executive Officer (CEO), succeeding Patrick Walujo who resigned, along with other key leadership changes. Amidst these developments, what is the latest target price outlook for GOTO shares?
According to data compiled from the Bloomberg terminal, a substantial majority of analysts, specifically 24 out of 32, have issued a “buy” recommendation for GOTO shares. The most recent “buy” rating comes from Macquarie, which assigned an “outperform” rating with a target price set at Rp85 per share.
Maybank Investment also provided a “buy” rating, establishing the highest target price for GOTO shares at Rp120 per share. This particular valuation represents the most optimistic projection among current analyst recommendations for the technology giant’s stock.
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Conversely, on the lower end of the “buy” recommendations, UOB Kay Hian set a target price of Rp78 per share for GOTO.
Meanwhile, JP Morgan has given GOTO an “overweight” rating, indicating a target price of Rp95 per share.
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In contrast, eight analysts have opted for a “hold” recommendation for GOTO shares. Morgan Stanley stands as the latest securities firm to issue a “hold” target for GOTO, with its price target also set at Rp78 per share.
Alongside Morgan Stanley, Goldman Sachs has assigned a “neutral” rating to GOTO, with a target price of Rp62 per share.
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GoTo Gojek Tokopedia Tbk – TradingView
The leadership transition at GOTO was previously announced, with Hans Patuwo nominated to assume the role of CEO. This nomination follows the resignation of Patrick Walujo, who had held the CEO position since June 2023.
In his official statement, Patrick Walujo affirmed that Hans possesses a comprehensive understanding of GOTO’s intricate operations, encompassing everything from hands-on field experience to high-level corporate strategic decisions.
“His proven leadership capabilities and unwavering integrity position Hans as the ideal figure to guide GOTO into this pivotal new chapter of its journey,” Patrick remarked in his official statement on Monday (24/11/2025).
Currently, Hans serves as GOTO’s Chief Operating Officer and President of On-Demand Services (ODS). Prior to his tenure at Gojek, Hans accumulated extensive professional experience working across various multinational corporations in the United States, China, and Singapore, including a significant role as a Partner at the prestigious management consulting firm McKinsey.
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Summary
Shares of PT GoTo Gojek Tokopedia Tbk. (GOTO) experienced sideways trading today, moving within a narrow range of Rp64 to Rp65 per share, following its Annual General Meeting of Shareholders (AGMS). The AGMS included the appointment of Hans Patuwo as the new Chief Executive Officer, succeeding Patrick Walujo, along with other key leadership changes.
A substantial majority of analysts, 24 out of 32, have issued a “buy” recommendation for GOTO shares, with Maybank Investment setting the highest target price at Rp120. Other firms like Macquarie and JP Morgan also provided “outperform” or “overweight” ratings, with target prices of Rp85 and Rp95 respectively. In contrast, eight analysts opted for a “hold” recommendation, including Morgan Stanley at Rp78 and Goldman Sachs at Rp62 per share.
