DEWA.JK is trading at 530 IDR (+3.9%) as the stock extends its rally driven by bullish analyst targets and positive global market cues.

  • The stock has climbed 7.3% over the last two sessions, building on a 3.2% gain from its May 5 close of 510 IDR.
  • Analysts have set a price target of Rp926 for the stock, representing a potential 65% upside from current levels.
  • Positive momentum is supported by record highs in U.S. indices following JOLTS data, providing a tailwind despite a quiet news day for the company.