MakeMyTrip Limited (MMYT)
NASDAQ: MMYT · Real-Time Price · USD
59.70
-0.72 (-1.19%)
At close: Aug 17, 2026, 4:00 PM EDT
59.06
-0.64 (-1.07%)
Pre-market: Aug 18, 2026, 8:21 AM EDT

MakeMyTrip Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, MakeMyTrip stock has a consensus rating of "Strong Buy" and an average price target of $75.4. The average 1-year stock price forecast is 26.30% higher than the current stock price, while the lowest is $65 (+8.88%) and the highest is $85 (+42.38%).

Price Target: $75.4 (+26.30%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$65$75.4$75$85
Change+8.88%+26.30%+25.63%+42.38%

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

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy88891010
Buy222200
Hold000000
Sell000000
Strong Sell000000
Total101010111010

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Goldman Sachs
Goldman Sachs
Buy
Maintains
$84$85
BuyMaintains$84$85+42.38%Aug 4, 2026
Bank of America Securities
Bank of America Securities
Buy
Reiterates
$60$71
BuyReiterates$60$71+18.93%Aug 3, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
$60$65
BuyMaintains$60$65+8.88%Jul 14, 2026
Unknown Analyst
UBS
No rating
UBS
Buy
Maintains
$85$80
BuyMaintains$85$80+34.00%Jul 9, 2026
HSBC
HSBC
Buy
Initiates
$70
BuyInitiates$70+17.25%Jul 2, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
1.21B
from 1.04B
Increased by 15.57%
Revenue Next Year
1.42B
from 1.21B
Increased by 17.29%
EPS This Year
1.96
from 1.56
Increased by 25.60%
EPS Next Year
2.42
from 1.96
Increased by 23.58%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
303.92M593.04M782.52M978.34M1.04B1.21B
Revenue Growth
85.95%95.13%31.95%25.02%6.71%15.57%
Operating Income
-28.19M21.46M76.12M121.29M156.17M190.97M
Net Income
-45.41M-11.32M216.80M95.10M51.80M49.36M
EPS
----1.561.96
EPS Growth
-----25.60%
Forward PE
125.6776.0968.0982.7374.5830.47
Free Cash Flow
-15.07M17.78M86.84M124.17M81.78M241.00M
No. Analysts
-----9
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High1.3B
Avg1.2B
Low1.1B

Revenue Growth

Revenue Growth202720282029
High
23.4%
Avg
15.6%
Low
8.4%

EPS Forecast

EPS202720282029
High2.30
Avg1.96
Low1.68

EPS Growth

EPS Growth202720282029
High
47.4%
Avg
25.6%
Low
7.9%