MMYTConsumer Cyclical · Travel ServicesThe 10 Wall Street analysts covering MakeMyTrip Ltd. hold a median 12-month price target of $70 — +36.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 33 of 100 as at 3 Nov 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Accruals (86): Reported profit is backed by cash, and the company is not expanding recklessly.
Volatility (19): The share price moves around a lot.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on MMYT, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +36.9% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 27 Oct 2026 | B of A Securities | Maintains | Buy | $60 → $55 |
| 28 Sept 2026 | B of A Securities | Maintains | Buy | $71 → $60 |
| 28 Sept 2026 | B of A Securities | Maintains | Buy | — |
| 2 July 2026 | HSBC | Initiates | Buy | — |
| 13 Apr 2026 | Citigroup | Maintains | Buy | — |
| 21 Jan 2026 | Citigroup | Maintains | Buy | — |
| 24 Dec 2025 | B of A Securities | Maintains | Buy | — |
| 23 July 2025 | Citigroup | Maintains | Buy | — |
| 24 June 2025 | Macquarie | Upgrade | Outperform | — |
| 15 May 2025 | Citigroup | Maintains | Buy | — |
| 27 Dec 2024 | B of A Securities | Maintains | Buy | — |
| 24 Oct 2024 | B of A Securities | Maintains | Buy | — |
| 27 Aug 2024 | B of A Securities | Maintains | Buy | — |
| 24 July 2024 | B of A Securities | Maintains | Buy | — |
| 24 July 2024 | Citigroup | Maintains | Buy | — |
| 8 July 2024 | B of A Securities | Maintains | Buy | — |
| 21 Feb 2024 | Macquarie | Downgrade | Neutral | — |
| 2 Aug 2023 | Citigroup | Maintains | Buy | — |
| 13 July 2023 | Citigroup | Reiterates | Buy | — |
| 8 Dec 2022 | Morgan Stanley | Upgrade | Overweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
MMYT appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, MakeMyTrip Ltd. returned −35.6% against +14.8% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 4% of US stocks
Cheaper than 29% of US stocks
Cheaper than 99% of US stocks
Cheaper than 9% of US stocks
Higher than 33% of US stocks
Higher than 44% of US stocks
Higher than 83% of US stocks
Higher than 73% of US stocks
Higher than 57% of US stocks
Higher than 15% of US stocks
Higher than 79% of US stocks
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.
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 $4.3B and an enterprise value of $5.1B.
Revenue in the twelve months to 30 June 2026: $1.1B. The latest quarter grew 2.5% 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.
Trailing P/E: 168.3×; forward P/E: 19.0× — 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.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
The Motley Fool highlighted MakeMyTrip's 20.9% constant-currency growth in gross bookings to $2.7 billion and said non-air services rose to 63.2% of total bookings.
Why it matters — The figures show booking growth alongside a larger share of non-air business, two metrics relevant to tracking MMYT's business mix.
Seeking Alpha published a transcript of MakeMyTrip Limited’s Q2 2027 earnings call. The provided excerpt contains no further details about the call.
Why it matters — The transcript is a source for MMYT watchers seeking information about the company’s Q2 2027 earnings call, though the excerpt provides no discussion or results.
MakeMyTrip reported second-quarter fiscal 2027 gross bookings of $2.7 billion, up 20.9% year over year on a constant-currency basis. Growth in hotels, ground transportation and ancillary services helped offset pressure on air travel.
Why it matters — The update highlights growth across several travel-related offerings alongside pressure in air travel, providing context on MMYT’s booking mix.
MakeMyTrip plans to report its fiscal 2027 second-quarter financial and operating results before markets open on October 26, 2026.
Why it matters — MMYT watchers can note the scheduled date for the company’s next financial and operating results update.
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.
The 10 Wall Street analysts covering MakeMyTrip Ltd. have a median 12-month price target of $70, with estimates ranging from $55 to $80. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
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. 33 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, MakeMyTrip Ltd. ranks 33 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 (86 of 100).
No one can know that. What the data says: the median 12-month target from 10 analysts implies +36.9% from the last close, and Ticker Nerd's factor model ranks MakeMyTrip Ltd. 33 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $55 to $80 over the next 12 months.
MakeMyTrip Ltd. returned -35.6% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
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 most recent item we track (The Motley Fool, 3 Nov 2026): "MakeMyTrip: 3 Key Takeaways for Long-Term Investors". The Motley Fool highlighted MakeMyTrip's 20.9% constant-currency growth in gross bookings to $2.7 billion and said non-air services rose to 63.2% of total bookings.
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
