MakeMyTrip Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MakeMyTrip stock.
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Wall Street analysts have given MakeMyTrip a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MakeMyTrip wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MakeMyTrip is scheduled to release its next quarterly earnings announcement on Friday, August 20th 2021.
View our earnings forecast for MakeMyTrip.

MakeMyTrip Limited (NASDAQ:MMYT) announced its earnings results on Monday, May, 24th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.09. The technology company earned $104.90 million during the quarter, compared to the consensus estimate of $89.93 million. MakeMyTrip had a negative trailing twelve-month return on equity of 6.52% and a negative net margin of 34.10%. MakeMyTrip's revenue for the quarter was down 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share.
View MakeMyTrip's earnings history.

MakeMyTrip's stock was trading at $17.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MMYT shares have increased by 69.0% and is now trading at $29.00.
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2 brokerages have issued 12-month target prices for MakeMyTrip's shares. Their forecasts range from $32.00 to $35.00. On average, they expect MakeMyTrip's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
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144 employees have rated MakeMyTrip CEO Deep Kalra and Rajesh Magow on Glassdoor.com. Deep Kalra and Rajesh Magow has an approval rating of 96% among MakeMyTrip's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to MakeMyTrip include Virgin Galactic (SPCE), GATX (GATX), Verra Mobility (VRRM), ModivCare (MODV), National Express Group (NXPGF), Despegar.com (DESP), Lindblad Expeditions (LIND), Daseke (DSKE), Diamond S Shipping (DSSI), Holicity (HOL), Tuniu (TOUR), Yatra Online (YTRA), Monaker Group (MKGI), MVP (MVPT) and Online Vacation Center (ONVC).
View all of MMYT's competitors.

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), The 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 (5.38%), Massachusetts Financial Services Co. MA (4.86%), Brown Advisory Inc. (2.98%), Baillie Gifford & Co. (2.56%), Wasatch Advisors Inc. (2.42%) and GW&K Investment Management LLC (1.21%).

MMYT stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., FIL Ltd, Franklin Resources Inc., Lazard Asset Management LLC, Aviva PLC, GW&K Investment Management LLC, Fosun International Ltd, and Amundi Asset Management US Inc..

MMYT stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Capital International Investors, Jennison Associates LLC, Massachusetts Financial Services Co. MA, Soros Capital Management LLC, Brown Advisory Inc., Neuberger Berman Group LLC, and Citigroup Inc..

Shares of MMYT 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 $29.00.

MakeMyTrip has a market capitalization of $2.99 billion and generates $163.44 million in revenue each year. The technology company earns $-55,640,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis.

MakeMyTrip employs 3,960 workers across the globe.

The official website for MakeMyTrip is www.makemytrip.com.

MakeMyTrip is headquartered at 19TH FLOOR BUILDING NO.5 DLF CYBER CITY, GURGAON K7, 122002.

MakeMyTrip's mailing address is 19TH FLOOR BUILDING NO.5 DLF CYBER CITY, GURGAON K7, 122002. The technology company can be reached via phone at 91-12-4439-5000 or via email at [email protected]