MakeMyTrip - MMYT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MMYT shares.
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6 brokerages have issued 1 year price targets for MakeMyTrip's shares. Their MMYT share price forecasts range from $36.00 to $44.00. On average, they expect the company's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 62.7% from the stock's current price.
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MakeMyTrip's stock was trading at $27.57 on January 1st, 2023. Since then, MMYT shares have decreased by 8.6% and is now trading at $25.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our MMYT earnings forecast.

MakeMyTrip Limited (NASDAQ:MMYT) released its quarterly earnings results on Tuesday, October, 26th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.07. The technology company earned $67.48 million during the quarter. MakeMyTrip had a negative trailing twelve-month return on equity of 2.41% and a negative net margin of 3.95%. During the same period in the prior year, the business earned ($0.20) earnings per share.

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 a number of institutional and retail investors. Top institutional investors include Brown Advisory Inc. (2.91%), Amansa Capital PTE. LTD. (2.72%), Baillie Gifford & Co. (2.39%), Franklin Resources Inc. (2.14%), Marshall Wace LLP (1.29%) and Jennison Associates LLC (1.14%).

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 $25.20.

MakeMyTrip (NASDAQ:MMYT) has a market capitalization of $2.65 billion and generates $303.92 million in revenue each year. The technology company earns $-45,400,000.00 in net income (profit) each year or ($0.19) 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.