MakeMyTrip Limited (MMYT)

Stock Price Forecast

The 3 analysts that cover MakeMyTrip stock have a consensus rating of "Strong Buy" and an average price target of $121.67, which forecasts a 24.15% increase in the stock price over the next year. The lowest target is $110 and the highest is $130.

Price Target: $121.67 (+24.15%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$110	$121.67	$125	$130
Change	+12.24%	+24.15%	+27.55%	+32.65%

Analyst Ratings

The average analyst rating for MakeMyTrip stock 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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	1
Hold	1	1	1	1	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Aditya Suresh Macquarie	Macquarie	Hold → Buy Upgrades $110	Hold → Buy	Upgrades	$110	+12.24%	Jun 24, 2025
Vijit Jain Citigroup	Citigroup	Strong Buy Maintains $120 → $125	Strong Buy	Maintains	$120 → $125	+27.55%	May 15, 2025
Sachin Salgaonkar B of A Securities	B of A Securities	Strong Buy Maintains $119 → $130	Strong Buy	Maintains	$119 → $130	+32.65%	Dec 27, 2024
Sachin Salgaonkar B of A Securities	B of A Securities	Strong Buy Maintains $112 → $119	Strong Buy	Maintains	$112 → $119	+21.43%	Oct 24, 2024
Sachin Salgaonkar B of A Securities	B of A Securities	Strong Buy Maintains $100 → $112	Strong Buy	Maintains	$100 → $112	+14.29%	Aug 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.22B

Increased by 25.01%

from 978.34M

Revenue Next Year

1.48B

Increased by 21.01%

from 1.22B

EPS This Year

1.77

Increased by 113.20%

from 0.83

EPS Next Year

2.25

Increased by 26.87%

from 1.77

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	163.44M	303.92M	593.04M	782.52M	978.34M	1.22B	1.48B	1.80B
Revenue Growth	-68.05%	85.95%	95.13%	31.95%	25.02%	25.01%	21.01%	21.28%
EPS	-0.52	-0.42	-0.10	1.74	0.83	1.77	2.25	2.81
EPS Growth	-	-	-	-	-52.35%	113.20%	26.87%	25.32%
Forward PE	-	-	-	-	-	55.38	43.65	34.83
No. Analysts	-	-	-	-	-	12	12	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	1.3B	1.6B	1.9B
Avg	1.2B	1.5B	1.8B
Low	1.1B	1.3B	1.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	32.5%	30.3%	28.6%
Avg	25.0%	21.0%	21.3%
Low	12.1%	8.5%	8.6%

EPS Forecast

EPS	2026	2027	2028
High	2.10	2.68	3.12
Avg	1.77	2.25	2.81
Low	1.19	1.86	2.42

EPS Growth

EPS Growth	2026	2027	2028
High	153.0%	51.3%	38.9%
Avg	113.2%	26.9%	25.3%
Low	43.6%	5.2%	7.8%

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.