Adaro stock: BRI Danareksa raises target to IDR 3,300 for Adaro stock

Published on 10/20/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income rose 76.80 percent to USD 309 million. Adaro stock costs EUR 0.12 on October 20, 2026 at Lang & Schwarz.

BRI Danareksa target update

BRI Danareksa set an IDR 3,300 target for Adaro on October 12, 2026.
First-half 2026 net income rose 76.80 percent to USD 309 million.
Adaro stock costs EUR 0.12 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST.

Adaro, ID1000111305, Illustration mit AI erstellt.

BRI Danareksa raised its target for Adaro stock to IDR 3,300 in research dated October 12, 2026, while keeping its Buy rating, according to Bisnis.com. The report linked the revised target to higher coking coal assumptions. Adaro was trading at EUR 0.12 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST.

Profit growth adds support

Adaro's first-half 2026 net income rose 76.80 percent to USD 309 million, while revenue increased 16.50 percent to USD 999.20 million, according to Investortrust.id in a report dated October 20, 2026. The combination gives the target revision a current earnings reference rather than relying only on commodity assumptions.

Stock position in Indonesia

The Indonesian quote stood at IDR 2,400 on October 20, 2026, up 8.60 percent from IDR 2,210, with 73,165,400 shares traded. Its 52-week range was IDR 1,695.00 to IDR 2,860.00, placing the latest home-market quote 16.08 percent below the high and 41.59 percent above the low.

Adaro's market capitalization was IDR 69.1 trillion on October 20, 2026, and its price-to-earnings ratio was 6.63. The trailing dividend yield was 0.11 percent. These figures put the analyst target in a valuation discussion, but the target itself is denominated in Indonesian rupiah and should not be compared directly with the euro quote.

What does the target imply?

At IDR 2,400, the IDR 3,300 target lies 37.50 percent above the Indonesian share price. Bisnis.com reported that BRI Danareksa lifted its 2026 coking coal assumption to USD 230 per ton from USD 170 per ton and revised projected profit growth by 4.30 percent for 2026, 2.60 percent for 2027 and 2.90 percent for 2028.

Price and valuation

The latest price picture combines a strong first-half earnings comparison with a target that remains materially above the Indonesian quote. Investor.id reported projected 2026 net income of IDR 600 billion and revenue of IDR 2.39 trillion, while the 2027 estimates were IDR 714 billion and IDR 3.03 trillion respectively.

Investor view

Adaro therefore enters the October 20 market report with three measurable reference points: the IDR 3,300 research target, 76.80 percent first-half net income growth and a EUR 0.12 Lang & Schwarz quote. The valuation case remains tied to coal assumptions, operating execution and the conversion of earnings growth into cash returns.

The further course of trading is shown by the continuously updated real-time quote of Adaro stock.