MakeMyTrip Limited (NASDAQ:MMYT) Stock Has Average Price Target of $73.50 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on MakeMyTrip, with five buy ratings and two holds. The average 12-month price target is $73.50, though recent targets included HSBC’s $70 and Bank of America’s reduced $60 target.
• MakeMyTrip reported quarterly EPS of $0.47, substantially exceeding the roughly $0.03 consensus estimate, but revenue of $235.16 million fell short of expectations, partly reflecting foreign-exchange pressure.
• Shares opened at $41.20, below both their 50-day and 200-day moving averages, while institutional investors own 51.89% of the stock. The company’s shares have traded between $32.67 and $92.09 over the past year.

MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) has received an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $73.50.

Several brokerages recently weighed in on MMYT. Zacks Research downgraded shares of MakeMyTrip from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Saturday. HSBC assumed coverage on shares of MakeMyTrip in a report on Thursday, July 2nd. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Bank of America cut their target price on shares of MakeMyTrip from $71.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, September 28th.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $41.20 on Tuesday. The company has a 50-day moving average of $50.55 and a 200 day moving average of $51.96. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 343.33 and a beta of 1.07. MakeMyTrip has a 1 year low of $32.67 and a 1 year high of $92.09.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.44. The company had revenue of $235.16 million for the quarter, compared to the consensus estimate of $267.41 million. MakeMyTrip had a negative return on equity of 632.52% and a net margin of 3.23%. On average, equities analysts anticipate that MakeMyTrip will post 1.54 EPS for the current year.

MakeMyTrip News Summary

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip reported quarterly EPS of $0.47, far above the consensus estimate of $0.04. Adjusted earnings also increased year over year, supporting the view that the company is converting travel demand into improved profitability. MakeMyTrip's Fiscal Q2 Adjusted Earnings, Revenue Rise
• Positive Sentiment: The company’s profit improvement was notable despite challenging foreign-exchange conditions. Reports described the quarter as a profitability-positive result, which helps explain why shares initially moved higher even though the top-line result missed expectations. MakeMyTrip stock rises on profit view despite revenue miss
• Neutral Sentiment: Management’s earnings call provides additional context on bookings, operating trends, and the impact of currency movements. Investors will likely focus on whether underlying demand remains strong enough to offset foreign-exchange pressure in coming quarters. MakeMyTrip Q2 2027 Earnings Call Transcript
• Negative Sentiment: Revenue was $235.16 million, below the $269.09 million analyst consensus. Coverage attributed much of the shortfall to currency translation, but the miss could still raise concerns about reported growth and weigh on the stock if it persists. MakeMyTrip Q2 2027 Revenue Miss
• Neutral Sentiment: A report showing zero reported short interest suggests limited evidence of short-covering activity; the figure may also reflect a reporting-data issue rather than a meaningful change in investor positioning.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Temasek Holdings Private Ltd bought a new stake in MakeMyTrip during the first quarter valued at about $63,447,000. Sei Investments Co. increased its position in MakeMyTrip by 17.5% in the first quarter. Sei Investments Co. now owns 652,971 shares of the technology company's stock worth $24,349,000 after buying an additional 97,377 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in MakeMyTrip in the fourth quarter worth about $4,512,000. Flossbach Von Storch SE bought a new position in shares of MakeMyTrip in the second quarter worth about $2,664,000. Finally, Coronation Fund Managers Ltd. raised its stake in shares of MakeMyTrip by 22.5% in the first quarter. Coronation Fund Managers Ltd. now owns 1,532,202 shares of the technology company's stock worth $57,136,000 after buying an additional 280,923 shares during the period. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company serving consumers in India and international travelers booking trips to and from the country. Founded in 2000 by Deep Kalra, the company operates through a portfolio of travel brands, including MakeMyTrip, Goibibo and redBus.

The company provides online and mobile booking services for domestic and international flights, hotels and other accommodations, holiday packages, trains, buses, car rentals and airport transfers. Through redBus, it also offers bus ticketing services across India and selected international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.