Adaro stock gets a fresh IDR 3,300 target from BRI Danareksa

Published on 10/08/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa kept a Buy view on Adaro on October 8, 2026. First-half net profit rose 76.83 percent to USD 309.36 million as revenue reached USD 999.24 million.

Adaro, ID1000111305, Illustration mit AI erstellt.

Adaro stock (ISIN ID1000111305) has a fresh IDR 3,300 target from BRI Danareksa, which retained its Buy recommendation in research released on October 8, 2026. The target is 26.9 percent above the IDR 2,600 reference price used by the research note, giving the analyst action a direct valuation anchor.

BRI Danareksa lifts its target

According to Investortrust.id on October 8, 2026, BRI Danareksa raised its target for Alamtri Resources Indonesia, formerly known as Adaro Energy Indonesia, to IDR 3,300 and kept the Buy rating. The research house lifted its premium hard coking coal assumptions to USD 230 per ton for 2026, USD 220 per ton for 2027 and USD 200 per ton for 2028, compared with IDR 170 per ton previously reported in the same currency context.

The research also identifies a counter-factor. According to Investortrust.id, weaker logistics on the Barito River could limit Adaro Minerals sales to 0.5 million to 0.7 million tons in the third quarter of 2026. The report also cites tighter mining rules and weaker coking coal prices as risks to the target.

First-half profit sets the base

Adaro's first-half 2026 net profit reached USD 309.36 million, up 76.83 percent from USD 174.94 million in the same period of 2025. Revenue increased 16.50 percent to USD 999.24 million from USD 857.69 million, according to Katadata on October 7, 2026.

The revenue mix adds detail to the comparison. Mining services generated USD 397.30 million in the first half of 2026, up from USD 393.79 million a year earlier, while third-party mining sales reached USD 370.27 million, an increase of 58.15 percent. The figures make coking coal assumptions and logistics execution the key variables behind the revised target.

Consensus remains above the market

The broader analyst picture is also positive. Investing.com lists a Buy consensus from 12 analysts, with an average 12-month target of IDR 3,116, a high estimate of IDR 4,221.82468694 and a low estimate of IDR 1,502.68336315. The average target lies 19.8 percent above IDR 2,600.

That spread matters because the consensus is less aggressive than the new BRI Danareksa target, while the low estimate sits below the current share price. For investors, the valuation case therefore depends on sustained commodity prices and the delivery of the company's broader mining and aluminum strategy.

Adaro stock stays below its yearly high

Adaro stock was last at IDR 2,600 on the Jakarta Stock Exchange on October 7, 2026, unchanged from the prior close. The 52-week range was IDR 1,625 to IDR 2,860, and market capitalization stood at IDR 74.9 trillion on the same date.