12 Month Price Forecast For MMYT
Distance to MMYT Price Forecasts
MMYT Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 15, 2025 6:12 PM UTC
MMYT Analyst Ratings & Price Targets
Based on our analysis of 6 Wall Street analysts, MMYT has a bullish consensus with a median price target of $120.00 (ranging from $98.00 to $135.00). The overall analyst rating is Strong Buy (8.7/10). Currently trading at $103.58, the median forecast implies a 15.9% upside. This outlook is supported by 8 Buy, 1 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MMYT Analyst Consensus
MMYT Price Target Range
Latest MMYT Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MMYT.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Dec 27, 2024 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $130.00 |
Oct 24, 2024 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $119.00 |
Aug 27, 2024 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $112.00 |
Jul 24, 2024 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $100.00 |
Jul 24, 2024 | Citigroup | Vijit Jain | Buy | Maintains | $115.00 |
Jul 8, 2024 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $95.00 |
Feb 21, 2024 | Macquarie | Aditya Suresh | Neutral | Downgrade | $60.00 |
Aug 2, 2023 | Citigroup | Vijit Jain | Buy | Maintains | $45.00 |
Jul 13, 2023 | Citigroup | Buy | Reiterates | $0.00 | |
Dec 8, 2022 | Morgan Stanley | Gaurav Rateria | Overweight | Upgrade | $36.00 |
Sep 14, 2022 | JP Morgan | Ankur Rudra | Overweight | Initiates | $44.00 |
Aug 30, 2022 | B of A Securities | Sachin Salgaonkar | Buy | Upgrade | $40.00 |
May 26, 2022 | Citigroup | Vijit Jain | Buy | Maintains | $43.00 |
Nov 4, 2019 | Bank of America | Buy | Upgrade | $0.00 | |
Nov 4, 2019 | B of A Securities | Buy | Upgrade | $0.00 | |
Apr 30, 2019 | B of A Securities | Underperform | Downgrade | $25.00 | |
Apr 30, 2019 | Bank of America | Underperform | Downgrade | $0.00 | |
Oct 26, 2018 | Goldman Sachs | Buy | Upgrade | $33.00 | |
Sep 11, 2018 | B of A Securities | Sachin Salgaonkar | Buy | Maintains | $40.00 |
Sep 11, 2018 | Bank of America | Buy | Maintains | $0.00 |
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MakeMyTrip Ltd (MMYT) Financial Data
MakeMyTrip Ltd has a market capitalization of $11.45B with a P/E ratio of 54.5x. The company generates $935.76M in trailing twelve-month revenue with a 25.4% profit margin.
Revenue growth is +24.8% quarter-over-quarter, while maintaining an operating margin of +13.0% and return on equity of +22.3%.
Valuation Metrics
Growth & Margins
Financial Health
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MakeMyTrip Ltd (MMYT) Company Overview
About MakeMyTrip Ltd
Online travel services and products provider.
The company operates through three main segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. It generates revenue by facilitating bookings for air and bus tickets, hotel reservations, rail tickets, car hires, and additional travel services, catering to both leisure and corporate travelers.
MakeMyTrip Limited operates under well-known brands such as MakeMyTrip, Goibibo, and redBus, and utilizes multiple distribution channels including its websites, mobile platforms, call centers, and travel agents. The company was established in 2000 and rebranded from International Web Travel Private Limited in 2010, with its headquarters located in Gurugram, India.
Company Information
Sector
Consumer Cyclical
Industry
Travel Services
Employees
4,576
CEO
Mr. Rajesh Magow
Country
India
IPO Year
2010
Website
www.makemytrip.comMakeMyTrip Ltd (MMYT) Latest News & Analysis
Wall Street analysts' ratings significantly influence investors' decisions on stocks, and changes in these ratings can impact stock prices.
Analyst ratings directly impact stock prices, influencing investor decisions and market sentiment. Changes can lead to significant volatility and investment opportunities.
MakeMyTrip stock rose 127.23% over the past year, supported by strong growth and positive trends. It has a low TTM PEG of 0.18, indicating potential undervaluation and growth in India's travel market.
MakeMyTrip's strong stock performance, consistent earnings growth, and favorable valuations highlight its potential in India's expanding travel market, signaling promising investment opportunities.
MakeMyTrip Ltd: Still Well Positioned To Grow
21 days agoMakeMyTrip Ltd. maintains a buy rating following a 25% y/y revenue increase and a 38% y/y rise in adj EBIT in 3Q25, driven by market leadership and strategic innovations.
MakeMyTrip's strong revenue growth and profitability, driven by strategic investments and innovations, enhance its competitive edge, signaling a positive outlook for future performance.
MakeMyTrip Limited (NASDAQ:MMYT) will hold its Q3 2025 earnings call on January 23, 2024, at 7:30 AM ET, featuring key executives and analysts from major financial institutions.
The earnings call provides insights into MakeMyTrip's financial performance and future outlook, influencing investor sentiment and stock valuation.
MakeMyTrip (MMYT) Q3 Earnings Miss Estimates
23 days agoMakeMyTrip (MMYT) reported quarterly earnings of $0.39 per share, below the Zacks Consensus Estimate of $0.43, but up from $0.35 per share year-over-year.
MakeMyTrip's earnings miss signals potential weaknesses in its financial performance, possibly affecting investor confidence and stock price. Year-over-year growth may not offset concerns.
MakeMyTrip (MMYT) is not expected to meet earnings expectations in its upcoming report, lacking the necessary factors for a likely earnings beat.
MMYT's lack of favorable conditions for an earnings beat may signal weaker performance, potentially impacting stock prices and investor sentiment.
Frequently Asked Questions About MMYT Stock
What is MakeMyTrip Ltd's (MMYT) stock forecast for 2025?
Based on our analysis of 6 Wall Street analysts, MakeMyTrip Ltd (MMYT) has a median price target of $120.00. The highest price target is $135.00 and the lowest is $98.00.
Is MMYT stock a good investment in 2025?
According to current analyst ratings, MMYT has 8 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $103.58. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MMYT stock?
Wall Street analysts predict MMYT stock could reach $120.00 in the next 12 months. This represents a 15.9% increase from the current price of $103.58. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is MakeMyTrip Ltd's business model?
The company operates through three main segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. It generates revenue by facilitating bookings for air and bus tickets, hotel reservations, rail tickets, car hires, and additional travel services, catering to both leisure and corporate travelers.
What is the highest forecasted price for MMYT MakeMyTrip Ltd?
The highest price target for MMYT is $135.00 from at , which represents a 30.3% increase from the current price of $103.58.
What is the lowest forecasted price for MMYT MakeMyTrip Ltd?
The lowest price target for MMYT is $98.00 from at , which represents a -5.4% decrease from the current price of $103.58.
What is the overall MMYT consensus from analysts for MakeMyTrip Ltd?
The overall analyst consensus for MMYT is bullish. Out of 6 Wall Street analysts, 8 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $120.00.
How accurate are MMYT stock price projections?
Stock price projections, including those for MakeMyTrip Ltd, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.