MakeMyTrip Limited (MMYT)
NASDAQ: MMYT · Real-Time Price · USD
99.37
+9.01 (9.97%)
At close: Oct 4, 2024, 4:00 PM
98.03
-1.34 (-1.35%)
After-hours: Oct 4, 2024, 4:50 PM EDT
MakeMyTrip Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MakeMyTrip stock have an average target of 95.67, with a low estimate of 60 and a high estimate of 115. The average target predicts a decrease of -3.72% from the current stock price of 99.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 27, 2024.
Analyst Ratings
The average analyst rating for MakeMyTrip stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $100 → $112 | Strong Buy | Maintains | $100 → $112 | +12.71% | Aug 27, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $93 → $115 | Strong Buy | Maintains | $93 → $115 | +15.73% | Jul 24, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $95 → $100 | Strong Buy | Maintains | $95 → $100 | +0.63% | Jul 24, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $88 → $95 | Strong Buy | Maintains | $88 → $95 | -4.40% | Jul 8, 2024 |
| Macquarie | Macquarie | Buy → Hold Downgrades $50 → $60 | Buy → Hold | Downgrades | $50 → $60 | -39.62% | Feb 21, 2024 |
Financial Forecast
Revenue This Year
1.00B
from 782.52M
Increased by 28.30%
Revenue Next Year
1.21B
from 1.00B
Increased by 20.82%
EPS This Year
1.39
from 1.74
Decreased by -19.97%
EPS Next Year
1.89
from 1.39
Increased by 35.54%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1B | 1.3B | 1.6B |
| Avg | 1.0B | 1.2B | 1.5B |
| Low | 918.9M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.3% | 29.1% | 30.8% |
| Avg | 28.3% | 20.8% | 20.0% |
| Low | 17.4% | 11.0% | 7.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.80 | 2.24 | 2.88 |
| Avg | 1.39 | 1.89 | 2.45 |
| Low | 1.01 | 1.34 | 1.87 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1% | 60.4% | 52.3% |
| Avg | -20.0% | 35.5% | 29.8% |
| Low | -42.0% | -3.7% | -0.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.