GoTo's Fintech Segment Emerging as Key Growth Driver -- Market Talk

Dow Jones
03/12

1028 GMT - GoTo Gojek Tokopedia's financial technology segment is emerging as a key growth driver that helps profitability, Citi Research analysts write in a note. There is strong growth in payments activity and consumer lending, they write, pointing to potential for further expansion from Indonesia's large underbanked population and a low lending penetration rate among users. Improvements in operating leverage and disciplined cost management is expected to lend further support. GoTo's 4Q results also mark a shift from cash burn to sustainable profitability, they say. Citi retains a buy rating with a target price of 110 Indonesian rupiah. Shares closed 1.75% lower at IDR56. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

March 12, 2026 06:28 ET (10:28 GMT)

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