MakeMyTrip (MMYT) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

MMYT Stock Forecast

MakeMyTrip stock forecast is as follows: an average price target of $115.50 (represents a 4.05% upside from MMYT’s last price of $111.00) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

MMYT Price Target

The average price target for MakeMyTrip (MMYT) is $115.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $119.00 to $112.00. This represents a potential 4.05% upside from MMYT's last price of $111.00.

MMYT Analyst Ratings

Buy

According to 5 Wall Street analysts, MakeMyTrip's rating consensus is 'Buy'. The analyst rating breakdown for MMYT stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

MakeMyTrip Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 24, 2024	Sachin Salgaonkar	Bank of America Securities	$119.00	$101.31	17.46%	7.21%
Oct 23, 2024	Manish Adukia	Goldman Sachs	$112.00	$99.14	12.97%	0.90%
Jul 24, 2024	Sachin Salgaonkar	Bank of America Securities	$100.00	$96.91	3.19%	-9.91%
May 15, 2024	Manish Adukia	Goldman Sachs	$88.00	$85.37	3.08%	-20.72%
Aug 30, 2022	Aditya Suresh	Macquarie	$42.00	$33.02	27.18%	-62.16%

The latest MakeMyTrip stock forecast, released on Oct 24, 2024 by Sachin Salgaonkar from Bank of America Securities, set a price target of $119.00, which represents a 17.46% increase from the stock price at the time of the forecast ($101.31), and a 7.21% increase from MMYT last price ($111.00).

MakeMyTrip Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	4
Avg Price Target	-	$115.50	$104.75
Last Closing Price	$111.00	$111.00	$111.00
Upside/Downside	-100.00%	4.05%	-5.63%

In the current month, the average price target of MakeMyTrip stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MakeMyTrip's last price of $111.00. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 24, 2024	Morgan Stanley	Overweight	Overweight	Hold
Oct 23, 2024	Goldman Sachs	Buy	Buy	Hold
Jul 24, 2024	Citigroup	Buy	Buy	Hold
May 15, 2024	Citigroup	Buy	Buy	Hold
May 15, 2024	Goldman Sachs	Buy	Buy	Hold
Apr 02, 2024	Citigroup	Buy	Buy	Hold
Dec 08, 2022	Morgan Stanley		Overweight	Upgrade
Aug 30, 2022	Macquarie		Outperform	Initialise
Aug 30, 2022	Bank of America Securities		Buy	Upgrade

MakeMyTrip's last stock rating was published by Morgan Stanley on Oct 24, 2024. The company gave MMYT a "Overweight" rating, the same as its previous rate.

MakeMyTrip Financial Forecast

MakeMyTrip Revenue Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$148.52M	$170.53M	$131.25M	$142.73M	$88.59M	$115.02M	$67.48M	$32.83M	$79.22M	$56.81M	$21.05M	$6.36M	$104.95M	$146.89M
Avg Forecast	$357.31M	$388.84M	$302.16M	$365.01M	$293.80M	$318.75M	$250.09M	$299.30M	$244.38M	$264.99M	$220.75M	$242.19M	$198.95M	$214.05M	$191.55M	$183.24M	$163.71M	$170.03M	$154.60M	$148.86M	$97.95M	$112.35M	$66.86M	$35.01M	$68.75M	$60.43M	$29.90M	$10.55M	$147.85M	$156.66M
High Forecast	$362.69M	$394.70M	$306.71M	$370.50M	$298.23M	$323.55M	$253.86M	$303.81M	$248.06M	$268.99M	$222.61M	$242.19M	$201.94M	$216.27M	$235.32M	$186.00M	$166.18M	$172.60M	$154.60M	$148.86M	$97.95M	$112.35M	$66.86M	$35.01M	$68.75M	$60.43M	$29.90M	$10.55M	$147.85M	$156.66M
Low Forecast	$351.93M	$382.99M	$297.61M	$359.51M	$289.38M	$313.95M	$246.32M	$294.79M	$240.70M	$261.00M	$218.89M	$242.19M	$195.95M	$211.82M	$153.22M	$180.48M	$161.24M	$167.47M	$154.60M	$148.86M	$97.95M	$112.35M	$66.86M	$35.01M	$68.75M	$60.43M	$29.90M	$10.55M	$147.85M	$156.66M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	6	4	4	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.91%	1.00%	0.85%	0.96%	0.90%	1.02%	1.01%	0.94%	1.15%	0.94%	0.70%	0.60%	0.71%	0.94%

MakeMyTrip's average Quarter revenue forecast for Jun 23 based on 1 analysts is $183.24M, with a low forecast of $180.48M, and a high forecast of $186.00M. MMYT's average Quarter revenue forecast represents a 23.37% increase compared to the company's last Quarter revenue of $148.52M (Mar 23).

MakeMyTrip EBITDA Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	6	4	4	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$18.08M	$17.30M	$13.73M	$12.88M	$12.29M	$3.36M	$3.66M	$-9.68M	$1.78M	$-2.83M	$-20.17M	$-32.72M	$-348.46M	$-23.70M
Avg Forecast	$-50.67M	$-55.14M	$-42.85M	$-51.76M	$-41.66M	$-45.20M	$-35.46M	$-42.44M	$-34.65M	$-37.58M	$-31.30M	$-34.34M	$1.52M	$-30.35M	$-27.16M	$-25.98M	$1.62M	$16.96M	$-3.78M	$-3.63M	$1.74M	$-2.74M	$-1.63M	$-855.02K	$2.80M	$-1.48M	$-730.14K	$-44.50M	$-3.61M	$-3.83M
High Forecast	$-49.91M	$-54.31M	$-42.20M	$-50.98M	$-41.04M	$-44.52M	$-34.93M	$-41.80M	$-34.13M	$-37.01M	$-31.04M	$-34.34M	$1.82M	$-30.04M	$-21.73M	$-25.59M	$1.95M	$20.35M	$-3.78M	$-3.63M	$2.08M	$-2.74M	$-1.63M	$-855.02K	$3.36M	$-1.48M	$-730.14K	$-35.60M	$-3.61M	$-3.83M
Low Forecast	$-51.43M	$-55.97M	$-43.49M	$-52.54M	$-42.29M	$-45.88M	$-36.00M	$-43.08M	$-35.18M	$-38.14M	$-31.57M	$-34.34M	$1.21M	$-30.67M	$-33.37M	$-26.38M	$1.30M	$13.57M	$-3.78M	$-3.63M	$1.39M	$-2.74M	$-1.63M	$-855.02K	$2.24M	$-1.48M	$-730.14K	$-53.40M	$-3.61M	$-3.83M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.14%	1.02%	-3.64%	-3.54%	7.08%	-1.22%	-2.24%	11.33%	0.63%	1.92%	27.62%	0.74%	96.52%	6.19%

1 analysts predict MMYT's average Quarter EBITDA for Jun 23 to be $-25.98M, with a high of $-25.59M and a low of $-26.38M. This is -243.73% lower than MakeMyTrip's previous annual EBITDA (Mar 23) of $18.08M.

MakeMyTrip Net Income Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	6	4	4	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.66M	$174.00K	$-6.78M	$-10.01M	$-4.06M	$-9.04M	$-8.00M	$-24.28M	$3.17M	$-3.39M	$-21.05M	$-34.37M	$-338.76M	$-29.47M
Avg Forecast	$57.61M	$63.44M	$43.80M	$55.05M	$44.86M	$51.13M	$33.71M	$45.19M	$29.15M	$30.55M	$19.06M	$27.45M	$-5.48M	$17.77M	$6.39M	$7.47M	$-5.86M	$-45.78M	$-9.41M	$-6.90M	$-6.27M	$-1.56M	$-15.59M	$-24.97M	$5.00M	$-28.40M	$-35.80M	$-46.74M	$-34.53M	$-33.67M
High Forecast	$58.74M	$64.68M	$44.66M	$56.13M	$45.74M	$52.13M	$34.37M	$46.07M	$29.72M	$31.24M	$19.44M	$27.47M	$-4.39M	$19.49M	$15.69M	$7.62M	$-4.69M	$-36.62M	$-9.41M	$-6.90M	$-5.02M	$-1.56M	$-15.59M	$-24.97M	$6.00M	$-28.40M	$-35.80M	$-37.39M	$-34.53M	$-33.67M
Low Forecast	$56.48M	$62.20M	$42.94M	$53.97M	$43.98M	$50.13M	$33.05M	$44.30M	$28.47M	$29.85M	$18.69M	$27.44M	$-6.58M	$15.48M	$1.16M	$7.33M	$-7.04M	$-54.94M	$-9.41M	$-6.90M	$-7.53M	$-1.56M	$-15.59M	$-24.97M	$4.00M	$-28.40M	$-35.80M	$-56.09M	$-34.53M	$-33.67M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.97%	-0.00%	0.72%	1.45%	0.65%	5.79%	0.51%	0.97%	0.63%	0.12%	0.59%	0.74%	9.81%	0.88%

MakeMyTrip's average Quarter net income forecast for Jun 23 is $7.47M, with a range of $7.33M to $7.62M. MMYT's average Quarter net income forecast represents a 31.95% increase compared to the company's last Quarter net income of $5.66M (Mar 23).

MakeMyTrip SG&A Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	6	4	4	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$56.93M	$61.68M	$58.21M	$56.76M	$42.35M	$52.62M	$41.38M	$31.60M	$40.51M	$34.37M	$27.65M	$25.86M	$81.95M	$76.65M
Avg Forecast	$176.45M	$192.03M	$149.22M	$180.25M	$145.09M	$157.41M	$123.50M	$147.81M	$120.68M	$130.86M	$109.02M	$119.60M	$71.84M	$105.71M	$94.59M	$90.49M	$76.83M	$83.97M	$78.57M	$75.66M	$82.17M	$57.10M	$33.98M	$17.80M	$63.81M	$30.71M	$15.20M	$5.36M	$75.14M	$79.62M
High Forecast	$179.11M	$194.92M	$151.46M	$182.97M	$147.28M	$159.78M	$125.36M	$150.03M	$122.50M	$132.84M	$109.93M	$119.60M	$86.20M	$106.80M	$116.21M	$91.85M	$92.20M	$85.23M	$78.57M	$75.66M	$98.61M	$57.10M	$33.98M	$17.80M	$76.57M	$30.71M	$15.20M	$5.36M	$75.14M	$79.62M
Low Forecast	$173.80M	$189.13M	$146.97M	$177.54M	$142.91M	$155.04M	$121.64M	$145.58M	$118.87M	$128.89M	$108.10M	$119.60M	$57.47M	$104.60M	$75.66M	$89.13M	$61.47M	$82.70M	$78.57M	$75.66M	$65.74M	$57.10M	$33.98M	$17.80M	$51.05M	$30.71M	$15.20M	$5.36M	$75.14M	$79.62M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74%	0.73%	0.74%	0.75%	0.52%	0.92%	1.22%	1.78%	0.63%	1.12%	1.82%	4.82%	1.09%	0.96%

MakeMyTrip's average Quarter SG&A projection for Jun 23 is $90.49M, based on 1 Wall Street analysts, with a range of $89.13M to $91.85M. The forecast indicates a 58.96% rise compared to MMYT last annual SG&A of $56.93M (Mar 23).

MakeMyTrip EPS Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	6	4	4	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.05	-	$-0.06	$-0.09	$-0.04	$-0.08	$-0.07	$-0.22	$0.03	$-0.03	$-0.20	$-0.32	$-3.20	$-0.28
Avg Forecast	$0.50	$0.55	$0.38	$0.48	$0.39	$0.45	$0.29	$0.39	$0.25	$0.27	$0.17	$0.24	$0.15	$0.15	$0.06	$0.07	$-0.01	$-0.07	$-0.08	$-0.06	$-0.11	$-0.01	$-0.14	$-0.22	$-0.13	$-0.25	$-0.32	$-0.50	$-0.30	$-0.30
High Forecast	$0.51	$0.56	$0.39	$0.49	$0.40	$0.45	$0.30	$0.40	$0.26	$0.27	$0.17	$0.24	$0.15	$0.17	$0.14	$0.07	$-0.01	$-0.06	$-0.08	$-0.06	$-0.11	$-0.01	$-0.14	$-0.22	$-0.13	$-0.25	$-0.32	$-0.50	$-0.30	$-0.30
Low Forecast	$0.49	$0.54	$0.37	$0.47	$0.38	$0.44	$0.29	$0.39	$0.25	$0.26	$0.16	$0.24	$0.15	$0.13	$0.01	$0.06	$-0.01	$-0.07	$-0.08	$-0.06	$-0.11	$-0.01	$-0.14	$-0.22	$-0.13	$-0.25	$-0.32	$-0.50	$-0.30	$-0.30
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.72%	-0.02%	0.75%	1.51%	0.34%	6.05%	0.51%	1.00%	-0.24%	0.12%	0.63%	0.64%	10.52%	0.94%

According to 1 Wall Street analysts, MakeMyTrip's projected average Quarter EPS for Jun 23 is $0.07, with a low estimate of $0.06 and a high estimate of $0.07. This represents a 30.29% increase compared to MMYT previous annual EPS of $0.05 (Mar 23).

MakeMyTrip Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MOND	Mondee	$0.03	$13.00	43233.33%	Buy
YTRA	Yatra Online	$1.36	$4.00	194.12%	Buy
ISPO	Inspirato	$3.29	$5.00	51.98%	Buy
DESP	Despegar	$16.55	$21.00	26.89%	Buy
LIND	Lindblad Expeditions	$11.94	$14.75	23.53%	Buy
TNL	Travel + Leisure	$52.61	$54.80	4.16%	Buy
TRIP	Tripadvisor	$13.49	$14.00	3.78%	Buy
MMYT	MakeMyTrip	$118.01	$115.50	-2.13%	Buy

MMYT Forecast FAQ

Is MakeMyTrip a good buy?

Yes, according to 5 Wall Street analysts, MakeMyTrip (MMYT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of MMYT's total ratings.

What is MMYT's price target?

MakeMyTrip (MMYT) average price target is $115.5 with a range of $112 to $119, implying a 4.05% from its last price of $111. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MakeMyTrip stock go up soon?

According to Wall Street analysts' prediction for MMYT stock, the company can go up by 4.05% (from the last price of $111 to the average price target of $115.5), up by 7.21% based on the highest stock price target, and up by 0.90% based on the lowest stock price target.

Can MakeMyTrip stock reach $200?

MMYT's average twelve months analyst stock price target of $115.5 does not support the claim that MakeMyTrip can reach $200 in the near future.

What are MakeMyTrip's analysts' financial forecasts?

MakeMyTrip's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $1.16B (high $1.18B, low $1.14B), average EBITDA is $-165M (high $-162M, low $-167M), average net income is $174.88M (high $178.31M, low $171.46M), average SG&A $573.81M (high $582.46M, low $565.17M), and average EPS is $1.52 (high $1.55, low $1.49). MMYT's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $1.41B (high $1.43B, low $1.39B), average EBITDA is $-200M (high $-197M, low $-203M), average net income is $219.9M (high $224.21M, low $215.6M), average SG&A $697.95M (high $708.46M, low $687.44M), and average EPS is $1.92 (high $1.95, low $1.88).

Did the MMYT's actual financial results beat the analysts' financial forecasts?

Based on MakeMyTrip's last annual report (Mar 2023), the company's revenue was $593.04M, which missed the average analysts forecast of $637.2M by -6.93%. Apple's EBITDA was $61.98M, beating the average prediction of $11.17M by 454.80%. The company's net income was $-11.168M, missing the average estimation of $-67.956M by -83.57%. Apple's SG&A was $233.57M, missing the average forecast of $315.03M by -25.86%. Lastly, the company's EPS was $0, missing the average prediction of $-0.223 by -100.00%. In terms of the last quarterly report (Mar 2023), MakeMyTrip's revenue was $148.52M, missing the average analysts' forecast of $163.71M by -9.28%. The company's EBITDA was $18.08M, beating the average prediction of $1.62M by 1013.94%. MakeMyTrip's net income was $5.66M, missing the average estimation of $-5.864M by -196.59%. The company's SG&A was $56.93M, missing the average forecast of $76.83M by -25.91%. Lastly, the company's EPS was $0.05, missing the average prediction of $-0.0135 by -471.64%