Indosat Ooredoo Hutchison stock: Bahana raises target to IDR 2,530

Published on 10/21/2026 at 15:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AI guidance totals USD 50 million to USD 60 million in 2026. Indosat Ooredoo Hutchison stock costs EUR 0.09 on October 21, 2026 at 3:03 p.m. CEST.

Analyst target and AI growth

Bahana Sekuritas raised its target from IDR 2,250 to IDR 2,530 on September 21, 2026.
AI revenue guidance stands at USD 50 million to USD 60 million for 2026.
Indosat Ooredoo Hutchison stock costs EUR 0.09 at Lang & Schwarz on October 21, 2026 at 3:03 p.m. CEST.

Indosat Ooredoo Hutchison, ID1000097405, Illustration mit AI erstellt.

Indosat Ooredoo Hutchison (ISIN ID1000097405) had its analyst target raised from IDR 2,250 to IDR 2,530 on September 21, 2026. Bahana Sekuritas made the change, according to Kontan. Indosat stock was at EUR 0.09 at Lang & Schwarz on October 21, 2026 at 3:03 p.m. CEST.

AI revenue enters the picture

AI and cloud development provide the clearest operating counterweight to the company's heavy investment needs. A Simply Wall St update dated October 15, 2026 put 2026 AI revenue guidance at USD 50 million to USD 60 million and cited IDR 48,600 as the targeted exit average revenue per user. The same update lifted its fair value from IDR 2,780.56 to IDR 2,877.38, while its model used a future P/E of 17.80.

Indosat trades below its high

On the IDX, Indosat last traded at IDR 1,785 on October 21, 2026 at 4:14 p.m. WIB. The share stood 37.37 percent below its 52-week high of IDR 2,850 and 17.05 percent above its 52-week low of IDR 1,525. Market capitalization was IDR 57.6 trillion, with a P/E of 7.69.

Capital spending remains central

Kontan reported that Indosat lifted 2026 capital expenditure outside GPU investment from IDR 13.0 trillion to IDR 23.0 trillion. The report also cited an additional USD 628.0 million GPU investment and a planned 28 megawatts of GB200 GPU capacity for the first half of 2027. Bahana's IDR 2,530 target therefore sits alongside a substantial execution burden rather than a simple earnings story.

Comparison with peers

Indosat Ooredoo Hutchison: up 4.08 percent on the IDX, P/E 7.69, market capitalization IDR 57.6 trillion.

Telkom Indonesia (IDX, IDR): up 2.91 percent on October 21, 2026, P/E 12.24, market capitalization IDR 209.0 trillion.

XLSMART Telecom Sejahtera (IDX, IDR): down 1.68 percent on October 21, 2026, P/E minus 7.47, market capitalization IDR 32.0 trillion.

What the target implies

Bahana's target is 41.74 percent above the IDX price of IDR 1,785 on October 21, 2026. The valuation gap rests on the expected contribution from 5G, cloud and AI, while the cited capex plan keeps cash flow and leverage as important measures for the next reporting periods.

Price and investor context

Indosat's euro quotation remained below EUR 1.00 at Lang & Schwarz on October 21, 2026 at 3:03 p.m. CEST. Its Indonesian listing was last at IDR 1,785 at 4:14 p.m. WIB on the IDX.

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