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MakeMyTrip Ltd (MMYT) Stock Forecast & Price Prediction

Live MMYT Stock Price & Analysis

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$103.58

-0.68 (-0.65%)

12 Month Price Forecast For MMYT

$103.58
Current Price
$11.45B
Market Cap
9 Ratings
Buy 8
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to MMYT Price Forecasts

+30.3%
To High Target of $135.00
+15.9%
To Median Target of $120.00
-5.4%
To Low Target of $98.00

MMYT Price Momentum

-8.8%
1 Week Change
-1.4%
1 Month Change
+75.2%
1 Year Change
-7.7%
Year-to-Date Change
-15.8%
From 52W High of $123.00
+86.3%
From 52W Low of $55.60

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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

8
Buy
1
Hold
0
Sell

MMYT Price Target Range

Low
$98.00
Average
$120.00
High
$135.00
Current: $103.58

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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The following stocks are similar to MakeMyTrip based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

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

Market Cap $11.45B
Enterprise Value $11.24B
P/E Ratio 54.5x
PEG Ratio 53.1x
Price/Sales 12.2x

Growth & Margins

Revenue Growth (YoY) +24.8%
Gross Margin +71.1%
Operating Margin +13.0%
Net Margin +25.4%
EPS Growth +11.4%

Financial Health

Cash/Price Ratio +6.0%
Current Ratio 2.9x
Debt/Equity 19.5x
ROE +22.3%
ROA +3.6%

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MakeMyTrip Ltd (MMYT) Company Overview

About MakeMyTrip Ltd

What They Do

Online travel services and products provider.

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.

Additional Information

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

MakeMyTrip Ltd (MMYT) Latest News & Analysis

MMYT stock latest news image
Quick Summary

Wall Street analysts' ratings significantly influence investors' decisions on stocks, and changes in these ratings can impact stock prices.

Why It Matters

Analyst ratings directly impact stock prices, influencing investor decisions and market sentiment. Changes can lead to significant volatility and investment opportunities.

Source: Zacks Investment Research
Market Sentiment: Neutral
MMYT stock latest news image
Quick Summary

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.

Why It Matters

MakeMyTrip's strong stock performance, consistent earnings growth, and favorable valuations highlight its potential in India's expanding travel market, signaling promising investment opportunities.

Source: Seeking Alpha
Market Sentiment: Positive
MMYT stock latest news image
Quick Summary

MakeMyTrip 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.

Why It Matters

MakeMyTrip's strong revenue growth and profitability, driven by strategic investments and innovations, enhance its competitive edge, signaling a positive outlook for future performance.

Source: Seeking Alpha
Market Sentiment: Positive
MMYT stock latest news image
Quick Summary

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.

Why It Matters

The earnings call provides insights into MakeMyTrip's financial performance and future outlook, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
MMYT stock latest news image
Quick Summary

MakeMyTrip (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.

Why It Matters

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.

Source: Zacks Investment Research
Market Sentiment: Negative
MMYT stock latest news image
Quick Summary

MakeMyTrip (MMYT) is not expected to meet earnings expectations in its upcoming report, lacking the necessary factors for a likely earnings beat.

Why It Matters

MMYT's lack of favorable conditions for an earnings beat may signal weaker performance, potentially impacting stock prices and investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Positive

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.