The national technology sector is currently facing a challenging phase throughout 2026. Various global macroeconomic factors, ranging from crude oil price fluctuations to persistent high interest rates in international markets, are beginning to exert real pressure on the operational performance of domestic technology companies.
Sucor Sekuritas analyst Dicky Susilo Adi, in his latest research, revealed that the increase in memory chip prices due to high demand for artificial intelligence (AI) infrastructure has become an additional burden. Companies that still rely on hardware imports are predicted to feel the most significant impact on their profit margins.
Responding to these market dynamics, Sucor Sekuritas adjusted the target prices for PT Metrodata Electronics Tbk (MTDL) and PT Mastersystem Infotama Tbk (MSTI). The target price for MTDL is now set at Rp560, while MSTI is adjusted to Rp1,450 per share.
Despite the revisions to target prices, analysts remain optimistic about the industry's long-term fundamentals. The overweight recommendation for the technology sector is maintained, while also advising investors to buy MTDL and MSTI shares amidst the sector's vast remaining growth potential.
