MakeMyTrip (MMYT) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MMYT shares.
View MMYT analyst ratings or view top-rated stocks.

5 analysts have issued 1-year price objectives for MakeMyTrip's stock. Their MMYT share price forecasts range from $36.00 to $44.00. On average, they predict the company's stock price to reach $40.50 in the next year. This suggests a possible upside of 44.9% from the stock's current price.
View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts.

MakeMyTrip's stock was trading at $27.57 at the start of the year. Since then, MMYT shares have increased by 1.4% and is now trading at $27.95.
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MakeMyTrip saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,800,000 shares, an increase of 17.6% from the April 30th total of 1,530,000 shares. Based on an average daily volume of 280,500 shares, the short-interest ratio is presently 6.4 days. Currently, 3.1% of the company's shares are short sold.
View MakeMyTrip's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our MMYT earnings forecast.

MakeMyTrip Limited (NASDAQ:MMYT) posted its quarterly earnings data on Tuesday, October, 26th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.07. The technology company had revenue of $67.48 million for the quarter. MakeMyTrip had a negative net margin of 1.91% and a negative trailing twelve-month return on equity of 0.15%. During the same quarter in the previous year, the company posted ($0.20) EPS.

ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ), ETFMG Travel Tech ETF (AWAY), VanEck Digital India ETF (DGIN), First Trust BICK Index Fund (BICK), Amplify Online Retail ETF (IBUY), KraneShares Emerging Markets Consumer Technology ETF (KEMQ), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and VanEck Africa Index ETF (AFK).

144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com. Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA), Okta (OKTA), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), JD.com (JD), Shopify (SHOP), Trade Desk (TTD), MongoDB (MDB) and Netflix (NFLX).

MakeMyTrip trades on the NASDAQ under the ticker symbol "MMYT."

MakeMyTrip's stock is owned by many different institutional and retail investors. Top institutional investors include FIL Ltd (5.93%), Brown Advisory Inc. (2.74%), Baillie Gifford & Co. (2.17%), Coronation Fund Managers Ltd. (2.11%), Franklin Resources Inc. (1.95%) and Amansa Capital PTE. LTD. (1.86%).

Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMYT stock can currently be purchased for approximately $27.95.

MakeMyTrip (NASDAQ:MMYT) has a market capitalization of $2.94 billion and generates $593.04 million in revenue each year. The technology company earns $-11,320,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis.

The company employs 3,338 workers across the globe.

MakeMyTrip's mailing address is 19TH FLOOR BUILDING NO.5 DLF CYBER CITY, GURGAON K7, 122002. The official website for the company is www.makemytrip.com. The technology company can be reached via phone at 911244395000 or via email at jonathan.huang@go-mmt.com.