MakeMyTrip (MMYT) to Release Quarterly Earnings on Tuesday

MakeMyTrip (NASDAQ:MMYT - Get Free Report) is expected to be issuing its Q1 2026 quarterly earnings data before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $296.39 million for the quarter.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $0.14 on Friday, reaching $95.61. The company had a trading volume of 333,604 shares, compared to its average volume of 1,024,595. The stock has a market capitalization of $10.64 billion, a PE ratio of 115.19 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. MakeMyTrip has a one year low of $76.95 and a one year high of $123.00. The business's 50-day moving average is $98.45 and its 200 day moving average is $101.38.

Hedge Funds Weigh In On MakeMyTrip

A hedge fund recently raised its stake in MakeMyTrip stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,755 shares of the technology company's stock after acquiring an additional 1,721 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in MakeMyTrip were worth $1,642,000 as of its most recent SEC filing. Institutional investors own 51.89% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Citigroup increased their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Tuesday, June 24th.

About MakeMyTrip

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.