MakeMyTrip Limited (MMYT)
NASDAQ: MMYT · IEX Real-Time Price · USD
88.98
+1.00 (1.14%)
At close: Jul 19, 2024, 4:00 PM
89.95
+0.97 (1.09%)
Pre-market: Jul 22, 2024, 7:26 AM EDT
MakeMyTrip Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MakeMyTrip stock have an average target of 66.67, with a low estimate of 45 and a high estimate of 95. The average target predicts a decrease of -25.07% from the current stock price of 88.98.
Analyst Consensus: Strong Buy
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 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 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $88 → $95 | Strong Buy | Maintains | $88 → $95 | +6.77% | Jul 8, 2024 |
| Macquarie | Macquarie | Buy → Hold Downgrades $50 → $60 | Buy → Hold | Downgrades | $50 → $60 | -32.57% | Feb 21, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $43 → $45 | Strong Buy | Maintains | $43 → $45 | -49.43% | Aug 2, 2023 |
| Citigroup | Citigroup | Strong Buy Reiterates $43 | Strong Buy | Reiterates | $43 | -51.67% | Jul 13, 2023 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $36 | Hold → Buy | Upgrades | $36 | -59.54% | Dec 8, 2022 |
Financial Forecast
Revenue This Year
1.00B
from 782.52M
Increased by 28.17%
Revenue Next Year
1.22B
from 1.00B
Increased by 21.14%
EPS This Year
1.39
from 1.74
Decreased by -20.07%
EPS Next Year
1.94
from 1.39
Increased by 39.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1B | 1.3B | 1.5B |
| Avg | 1.0B | 1.2B | 1.4B |
| Low | 922.3M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.8% | 28.1% | 27.4% |
| Avg | 28.2% | 21.1% | 18.7% |
| Low | 17.9% | 10.2% | 5.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.79 | 2.23 | 2.94 |
| Avg | 1.39 | 1.94 | 2.76 |
| Low | 0.87 | 1.33 | 2.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.6% | 60.0% | 51.8% |
| Avg | -20.1% | 39.3% | 42.7% |
| Low | -50.1% | -4.0% | 32.5% |
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.