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 $71.9. The average 1-year stock price forecast is 33.84% higher than the current stock price, while the lowest is $58 (+7.97%) and the highest is $84 (+56.37%).

Price Target: $71.9 (+33.84%)

Analyst Consensus: Strong Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$58	$71.9	$72	$84
Change	+7.97%	+33.84%	+34.03%	+56.37%

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

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	8	8	8	8	9	10
Buy	2	2	2	2	2	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ankur Rudra J.P. Morgan	J.P. Morgan	Buy Maintains $60 → $65	Buy	Maintains	$60 → $65	+21.00%	Jul 14, 2026
Unknown Analyst UBS No rating	UBS	Buy Maintains $85 → $80	Buy	Maintains	$85 → $80	+48.92%	Jul 9, 2026
Parash Jain HSBC	HSBC	Buy Initiates $70	Buy	Initiates	$70	+30.31%	Jul 2, 2026
Sachin Salgaonkar Bank of America Securities	Bank of America Securities	Buy Maintains $60	Buy	Maintains	$60	+11.69%	Jun 1, 2026
Vijit Jain Citi	Citi	Buy Maintains $80 → $70	Buy	Maintains	$80 → $70	+30.31%	May 19, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.20B

from 1.04B

15.11%

from 1.04B

Revenue Next Year

1.41B

from 1.20B

17.15%

from 1.20B

EPS This Year

1.86

from 1.56

19.11%

from 1.56

EPS Next Year

2.30

from 1.86

23.87%

from 1.86

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	303.92M	593.04M	782.52M	978.34M	1.04B	1.20B
Revenue Growth	85.95%	95.13%	31.95%	25.02%	6.71%	15.11%
Operating Income	-28.19M	21.46M	76.12M	121.29M	155.98M	183.98M
Net Income	-45.41M	-11.32M	216.80M	95.10M	51.80M	46.02M
EPS	-	-	-	-	1.56	1.86
EPS Growth	-	-	-	-	-	19.11%
Forward PE	125.67	76.09	68.09	82.73	74.58	28.91
Free Cash Flow	-15.07M	17.78M	86.84M	124.17M	88.13M	235.50M
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	1.3B
Avg	1.2B
Low	1.2B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	23.2%
Avg	15.1%
Low	10.3%

EPS Forecast

Chart

EPS	2027	2028	2029
High	2.08
Avg	1.86
Low	1.70

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	33.3%
Avg	19.1%
Low	8.8%