Maybank revises up GoTo Gojek Tokopedia revenue forecasts

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2024-11-30 08:31:29

Maybank Investment Bank has revised up Indonesian tech platform GoTo Gojek Tokopedia FY25/26 revenue forecasts by 17 percent/ 15 percent, after the firm’s first nine months revenue beat its forecast. Maybank said in a note on Friday that it has raised the firm’s target price to IDR 105 ($0.0066) from IDR 95 ($0.006) and maintain buy on the stock. According to the research house,...

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