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MMYT Stock Forecast: MakeMyTrip Ltd. Price Predictions for 2026-2027

Last close, 8 Oct 2026
$44
+0.28% on the day

The 10 Wall Street analysts covering MakeMyTrip Ltd. hold a median 12-month price target of $75 — +72.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 42 of 100 as at 8 Oct 2026 — in the lower half.

Market cap
$4.1B
Ticker Nerd rank
42 / 100
Median analyst target
$75
Analysts covering
10
Revenue$285.6M+6.2% y/y
Operating income$43.7M
Net income$9.1M
Free cash flow$26.7M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−8.8%
1M
−19.2%
YTD
−47.0%
1Y
−53.0%
From 52W high
−53.9%
From 52W low
+19.9%
$36
$94
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

MMYT stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores MakeMyTrip Ltd. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 8 Oct 2026
42 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
91
Quality
80
Issuance
65
Revisions
52
Growth
40
Value
34
Size
26
Volatility
25
Momentum
15

Accruals (91): Reported profit is backed by cash, and the company is not expanding recklessly.

Momentum (15): The shares have been drifting down relative to others.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

MMYT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on MMYT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$30$40$50$60$70$80$90$100Jan 26Apr 26Jul 26Oct 26MMYTHigh $85Median $75Low $60

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says10 analysts
10 Buy0 Hold0 Sell
Low $60Median $75High $85

The green dot is the last close — the median target sits +72.3% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
28 Sept 2026B of A SecuritiesMaintainsBuy$71 → $60
2 July 2026HSBCInitiatesBuy—
13 Apr 2026CitigroupMaintainsBuy—
21 Jan 2026CitigroupMaintainsBuy—
24 Dec 2025B of A SecuritiesMaintainsBuy—
23 July 2025CitigroupMaintainsBuy—
24 June 2025MacquarieUpgradeOutperform—
15 May 2025CitigroupMaintainsBuy—
27 Dec 2024B of A SecuritiesMaintainsBuy—
24 Oct 2024B of A SecuritiesMaintainsBuy—
27 Aug 2024B of A SecuritiesMaintainsBuy—
24 July 2024B of A SecuritiesMaintainsBuy—
24 July 2024CitigroupMaintainsBuy—
8 July 2024B of A SecuritiesMaintainsBuy—
21 Feb 2024MacquarieDowngradeNeutral—
2 Aug 2023CitigroupMaintainsBuy—
13 July 2023CitigroupReiteratesBuy—
8 Dec 2022Morgan StanleyUpgradeOverweight—
14 Sept 2022JP MorganInitiatesOverweight—
30 Aug 2022B of A SecuritiesUpgradeBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. MMYT appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

MMYT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 8 Oct 2026, MakeMyTrip Ltd. returned −53.0% against +16.2% for the S&P 500, dividends included.

MMYT vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Jan 26Apr 26Jul 26Oct 26MMYTS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

MMYT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+11.5%
Analysts raising
2
Analysts cutting
1
Fundamentals

MakeMyTrip Ltd. (MMYT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
216.8×

Cheaper than 3% of US stocks

Price / sales
3.8×

Cheaper than 31% of US stocks

Price / book
−70.9×

Cheaper than 99% of US stocks

EV / EBITDA
27.7×

Cheaper than 10% of US stocks

Growth & margins
Revenue growth (YoY)
6.2%

Higher than 42% of US stocks

Earnings growth (YoY)
−67.8%

Higher than 7% of US stocks

Gross margin
71.1%

Higher than 83% of US stocks

Operating margin
15.3%

Higher than 73% of US stocks

Net margin
3.2%

Higher than 56% of US stocks

Returns & dividend
Return on equity
2868.7%

Higher than 99% of US stocks

Return on assets
3.0%

Higher than 65% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

MakeMyTrip Ltd. (MMYT) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • MakeMyTrip Ltd. has a market value of $4.1B and an enterprise value of $4.9B.

  • Revenue in the twelve months to 30 June 2026: $1.1B. The latest quarter grew 6.2% year on year.

  • Net income over the same four quarters: $35.0M, a 3.3% net margin.

  • Diluted earnings per share, trailing twelve months: $0.12.

  • Free cash flow in the twelve months to 30 June 2026: $152.9M.

  • Shares outstanding: 94.1M.

  • Trailing P/E: 216.8×; forward P/E: 17.5× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • MakeMyTrip Ltd. employs 5,507 people — $193K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 7 Oct 2026

Data provided by Twelve Data

Peers

MMYT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelTravel Services
CompanyMarket capTKN rank
MMYTMakeMyTrip Ltd.$4.1B
42
TNLTravel + Leisure Co.$3.8B
75
GBTGGlobal Business Travel Group, Inc.$5.0B
—
NCLHNorwegian Cruise Line Holdings Ltd.$7.1B
22
LINDLindblad Expeditions Holdings, Inc.$2.3B
77
PRSUPursuit Attractions & Hospitality, Inc.$1.5B
70
TRIPTripAdvisor, Inc.$1.0B
48

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own MakeMyTrip Ltd. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest MMYT news & analysis

Is It Worth Investing in MakeMyTrip (MMYT) Based on Wall Street's Bullish Views?

Zacks Investment Research · 2 Oct 2026neutral

Zacks Investment Research published an article examining whether MakeMyTrip (MMYT) is worth investing in based on Wall Street analysts' bullish recommendations. The piece discusses how brokerage-firm analyst rating changes are often reported in media and questions the actual impact these recommendations have on stock prices.

Why it matters — MMYT watchers would care because the article evaluates whether Wall Street's positive analyst views on the stock hold genuine significance for investment decisions.

MakeMyTrip: Positive On Planned Indian Listing And Operational Resilience

Seeking Alpha · 15 Sept 2026positive

Seeking Alpha reiterates a positive view on MakeMyTrip, citing its planned listing of the Indian subsidiary as a potential value-unlocking capital markets event. The article highlights the company's diversified business model—especially in hotels and buses—as offsetting air ticketing headwinds and supporting upward-trending take rates.

Why it matters — MMYT watchers would care because the proposed IPO of the Indian subsidiary could unlock value, fund convertible redemptions, and potentially narrow the valuation gap with local peers.

Is MakeMyTrip (MMYT) a Buy as Wall Street Analysts Look Optimistic?

Zacks Investment Research · 10 Sept 2026neutral

Zacks Investment Research discusses whether Wall Street analyst recommendations are reliable guides for deciding to buy, sell, or hold stocks like MakeMyTrip (MMYT), noting that media reports of rating changes often influence stock prices. The piece raises the question of whether these brokerage-firm-employed analysts' views actually matter to investors.

Why it matters — MMYT watchers would care because the article examines how analyst ratings and rating-change news can affect the stock's price and how much weight to give such recommendations.

Zacks Industry Outlook GoDaddy, Vipshop, MakeMyTrip and QuinStreet

Zacks Investment Research · 28 Aug 2026neutral

Zacks Investment Research published an Industry Outlook article highlighting GoDaddy, Vipshop, MakeMyTrip and QuinStreet. The article includes MakeMyTrip among the companies featured in the industry outlook.

Why it matters — MMYT watchers would note that the company has been included in a Zacks Industry Outlook, which signals analyst attention on the travel sector.

4 Internet Delivery Services Stocks in Focus From a Flourishing Industry

Zacks Investment Research · 27 Aug 2026positive

Zacks Investment Research highlighted the Internet - Delivery Services industry, naming participants including GDDY, VIPS, MMYT, and QNST as likely beneficiaries of rising smartphone and internet penetration.

Why it matters — The report signals that increasing smartphone and internet adoption could support growth for MakeMyTrip as part of the broader online delivery services industry.

FAQ

Frequently asked questions about MMYT stock

What is the MMYT stock price forecast for 2026-2027?

The 10 Wall Street analysts covering MakeMyTrip Ltd. have a median 12-month price target of $75, with estimates ranging from $60 to $85. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is MMYT stock a buy right now?

Of the 10 analysts covering MakeMyTrip Ltd., 10 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks MakeMyTrip Ltd. 42 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank MMYT?

As at 8 Oct 2026, MakeMyTrip Ltd. ranks 42 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (91 of 100).

Will MMYT stock go up?

No one can know that. What the data says: the median 12-month target from 10 analysts implies +72.3% from the last close, and Ticker Nerd's factor model ranks MakeMyTrip Ltd. 42 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the MMYT stock forecast for 2030?

No analyst covering MakeMyTrip Ltd. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for MMYT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $60 to $85 over the next 12 months.

How has MMYT stock performed over the past year?

MakeMyTrip Ltd. returned -53.0% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does MakeMyTrip Ltd. do?

MakeMyTrip Limited is an online travel services company that helps travelers research, plan, and book a wide range of trips and related services. Its platform covers air ticketing, hotels and alternative accommodations, holiday packages, bus and rail tickets, car hire, and activities and experiences, along with travel insurance, visa services, foreign exchange, prepaid forex cards, and cross-border remittances.

What is the latest news on MMYT?

The most recent item we track (Zacks Investment Research, 2 Oct 2026): "Is It Worth Investing in MakeMyTrip (MMYT) Based on Wall Street's Bullish Views?". Zacks Investment Research published an article examining whether MakeMyTrip (MMYT) is worth investing in based on Wall Street analysts' bullish recommendations. The piece discusses how brokerage-firm analyst rating changes are often reported in media and questions the actual impact these recommendations have on stock prices.

Company

About MakeMyTrip Ltd.

MakeMyTrip Limited is an online travel services company that helps travelers research, plan, and book a wide range of trips and related services. Its platform covers air ticketing, hotels and alternative accommodations, holiday packages, bus and rail tickets, car hire, and activities and experiences, along with travel insurance, visa services, foreign exchange, prepaid forex cards, and cross-border remittances. The company operates through the MakeMyTrip, Goibibo, and redBus brands, serving both leisure and corporate travelers across India and select international markets. Through its websites, mobile apps, call centers, franchise travel stores, and agent network, MakeMyTrip Limited plays a central role in digital travel distribution and in connecting customers with transportation, lodging, and ancillary travel needs.

CEO Mr. Rajesh Magow · 5,507 employees · India · https://www.makemytrip.com