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 52.40% higher than the current stock price, while the lowest is $58 (+22.93%) and the highest is $90 (+90.76%).

Price Target: $71.9 (+52.40%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$58	$71.9	$70.5	$90
Change	+22.93%	+52.40%	+49.43%	+90.76%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	8	8	8	8	8	8
Buy	2	2	2	2	2	2
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	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ankur Rudra J.P. Morgan	J.P. Morgan	Buy Maintains $60	Buy	Maintains	$60	+27.17%	May 23, 2026
Sachin Salgaonkar Bank of America Securities	Bank of America Securities	Buy Reiterates $60	Buy	Reiterates	$60	+27.17%	May 20, 2026
Vijit Jain Citi	Citi	Buy Maintains $80 → $70	Buy	Maintains	$80 → $70	+48.37%	May 19, 2026
Manish Adukia Goldman Sachs	Goldman Sachs	Buy Maintains $117 → $80	Buy	Maintains	$117 → $80	+69.56%	May 7, 2026
Gaurav Rateria Morgan Stanley	Morgan Stanley	Buy Maintains $106	Buy	Maintains	$106	+124.67%	Mar 17, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.33B

from 1.04B

27.68%

from 1.04B

Revenue Next Year

1.61B

from 1.33B

20.78%

from 1.33B

EPS This Year

1.95

from 0.36

440.80%

from 0.36

EPS Next Year

2.32

from 1.95

19.18%

from 1.95

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	303.92M	593.04M	782.52M	978.34M	1.04B	1.33B	1.61B
Revenue Growth	85.95%	95.13%	31.95%	25.02%	6.71%	27.68%	20.78%
EPS	-0.42	-0.10	1.74	0.83	0.36	1.95	2.32
EPS Growth	-	-	-	-52.35%	-56.63%	440.80%	19.18%
Forward PE	-	-	-	-	-	24.23	20.33
No. Analysts	-	-	-	-	-	13	11

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

Revenue Forecast

Revenue	2027	2028
High	1.5B	1.8B
Avg	1.3B	1.6B
Low	1.2B	1.4B

Revenue Growth

Revenue Growth	2027	2028
High	42.3%	34.5%
Avg	27.7%	20.8%
Low	13.8%	8.5%

EPS Forecast

EPS	2027	2028
High	2.56	2.94
Avg	1.95	2.32
Low	0.80	1.41

EPS Growth

EPS Growth	2027	2028
High	611.7%	51.0%
Avg	440.8%	19.2%
Low	123.2%	-27.5%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.