MakeMyTrip (MMYT) Stock Forecast, Price Target & Predictions
MMYT Stock Forecast
MakeMyTrip stock forecast is as follows: an average price target of $76.67 (represents a -25.41% downside from MMYT’s last price of $102.79) 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 $76.67 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $42.00. This represents a potential -25.41% downside from MMYT's last price of $102.79.
MMYT Analyst Ratings
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 |
|---|---|---|---|---|---|---|
| Jul 24, 2024 | Sachin Salgaonkar | Bank of America Securities | $100.00 | $96.91 | 3.19% | -2.71% |
| May 15, 2024 | Manish Adukia | Goldman Sachs | $88.00 | $85.37 | 3.08% | -14.39% |
| Aug 30, 2022 | Aditya Suresh | Macquarie | $42.00 | $33.02 | 27.18% | -59.14% |
The latest MakeMyTrip stock forecast, released on Jul 24, 2024 by Sachin Salgaonkar from Bank of America Securities, set a price target of $100.00, which represents a 3.19% increase from the stock price at the time of the forecast ($96.91), and a -2.71% decrease from MMYT last price ($102.79).
MakeMyTrip Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $100.00 | $94.00 |
| Last Closing Price | $102.79 | $102.79 | $102.79 |
| Upside/Downside | -100.00% | -2.71% | -8.55% |
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 $102.79. 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 |
|---|---|---|---|---|
| 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 Citigroup on Jul 24, 2024. The company gave MMYT a "Buy" 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 | Jul 22 | Mar 22 | Dec 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $148.52M | $170.53M | $131.25M | - | $88.59M | $115.02M | $79.22M | $56.81M | $21.05M | $6.36M | $146.89M | $117.96M | $141.74M | $120.18M |
| Avg Forecast | $352.08M | $383.20M | $301.54M | $343.38M | $289.81M | $314.79M | $249.14M | $282.57M | $244.67M | $260.45M | $217.04M | $242.19M | $198.95M | $214.05M | $191.55M | $183.24M | $163.71M | $170.03M | $154.60M | $148.86M | $136.68M | $77.12M | $124.77M | $60.71M | $28.52M | $8.65M | $129.94M | $94.37M | $89.88M | $182.34M |
| High Forecast | $374.53M | $407.63M | $320.77M | $365.28M | $308.29M | $334.86M | $265.02M | $300.58M | $260.28M | $277.05M | $230.88M | $257.63M | $211.63M | $216.27M | $235.32M | $194.92M | $174.15M | $180.88M | $164.45M | $148.86M | $164.01M | $92.54M | $149.73M | $72.85M | $34.23M | $10.38M | $155.93M | $113.24M | $107.86M | $218.81M |
| Low Forecast | $329.62M | $358.74M | $282.30M | $321.47M | $271.32M | $294.70M | $233.24M | $264.53M | $229.06M | $243.83M | $203.19M | $226.73M | $186.25M | $211.82M | $153.22M | $171.55M | $153.26M | $159.18M | $144.73M | $148.86M | $109.34M | $61.70M | $99.82M | $48.57M | $22.82M | $6.92M | $103.95M | $75.49M | $71.91M | $145.87M |
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | 8 | 20 | 16 | 9 | 16 | 11 | 19 | 13 | 7 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.00% | 0.85% | - | 0.65% | 1.49% | 0.63% | 0.94% | 0.74% | 0.74% | 1.13% | 1.25% | 1.58% | 0.66% |
MakeMyTrip's average Quarter revenue forecast for Jun 23 based on 1 analysts is $183.24M, with a low forecast of $171.55M, and a high forecast of $194.92M. 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 | Jul 22 | Mar 22 | Dec 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | 8 | 20 | 16 | 9 | 16 | 11 | 19 | 13 | 7 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.08M | $17.30M | $13.73M | - | $12.29M | $3.36M | $1.78M | $-2.83M | $-20.17M | $-32.72M | $-23.70M | $-31.23M | $-40.88M | $-50.65M |
| Avg Forecast | $-8.60M | $-9.36M | $-7.36M | $-8.39M | $-7.08M | $-7.69M | $-6.08M | $-6.90M | $-5.97M | $-6.36M | $-5.30M | $-5.91M | $1.52M | $-5.23M | $-4.68M | $-4.47M | $1.62M | $-4.15M | $-25.55M | $-3.65M | $1.74M | $18.14M | $2.80M | $-4.70M | $-27.33M | $-44.50M | $-20.96M | $-23.43M | $-19.02M | $-67.91M |
| High Forecast | $-8.05M | $-8.76M | $-6.89M | $-7.85M | $-6.63M | $-7.20M | $-5.70M | $-6.46M | $-5.59M | $-5.95M | $-4.96M | $-5.54M | $1.82M | $-5.17M | $-3.74M | $-4.19M | $1.95M | $-3.89M | $-20.44M | $-3.65M | $2.08M | $21.77M | $3.36M | $-3.76M | $-21.86M | $-35.60M | $-16.77M | $-18.74M | $-15.22M | $-54.33M |
| Low Forecast | $-9.15M | $-9.95M | $-7.83M | $-8.92M | $-7.53M | $-8.18M | $-6.47M | $-7.34M | $-6.36M | $-6.77M | $-5.64M | $-6.29M | $1.21M | $-5.28M | $-5.75M | $-4.76M | $1.30M | $-4.42M | $-30.66M | $-3.65M | $1.39M | $14.51M | $2.24M | $-5.63M | $-32.79M | $-53.40M | $-25.15M | $-28.11M | $-22.83M | $-81.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.14% | -4.17% | -0.54% | - | 7.08% | 0.19% | 0.63% | 0.60% | 0.74% | 0.74% | 1.13% | 1.33% | 2.15% | 0.75% |
1 analysts predict MMYT's average Quarter EBITDA for Jun 23 to be $-4.47M, with a high of $-4.19M and a low of $-4.76M. This is -124.75% 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 | Jul 22 | Mar 22 | Dec 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | 8 | 20 | 16 | 9 | 16 | 11 | 19 | 13 | 7 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.66M | $174.00K | $-6.78M | - | $-4.06M | $-9.04M | $3.17M | $-3.39M | $-21.05M | $-34.37M | $-29.47M | $-36.93M | $-42.62M | $-40.47M |
| Avg Forecast | $57.35M | $63.45M | $44.44M | $51.79M | $41.40M | $46.34M | $30.90M | $36.82M | $29.25M | $36.43M | $23.24M | $27.16M | $-5.48M | $17.58M | $6.32M | $7.39M | $-5.86M | $-7.44M | $-26.66M | $-7.22M | $-6.27M | $-48.96M | $5.00M | $-5.63M | $-28.52M | $-46.74M | $-26.07M | $-27.70M | $-19.84M | $-54.26M |
| High Forecast | $62.10M | $68.71M | $48.12M | $56.09M | $44.83M | $50.18M | $33.46M | $39.87M | $31.68M | $39.45M | $33.07M | $29.41M | $-4.39M | $19.28M | $15.52M | $8.01M | $-4.69M | $-6.82M | $-21.33M | $-7.22M | $-5.02M | $-39.17M | $6.00M | $-4.50M | $-22.81M | $-37.39M | $-20.85M | $-22.16M | $-15.87M | $-43.41M |
| Low Forecast | $52.59M | $58.19M | $40.75M | $47.50M | $37.97M | $42.49M | $28.33M | $33.76M | $26.82M | $33.41M | $13.41M | $24.90M | $-6.58M | $15.31M | $1.15M | $6.78M | $-7.04M | $-8.06M | $-32.00M | $-7.22M | $-7.53M | $-58.75M | $4.00M | $-6.75M | $-34.22M | $-56.09M | $-31.28M | $-33.24M | $-23.80M | $-65.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.97% | -0.02% | 0.25% | - | 0.65% | 0.18% | 0.63% | 0.60% | 0.74% | 0.74% | 1.13% | 1.33% | 2.15% | 0.75% |
MakeMyTrip's average Quarter net income forecast for Jun 23 is $7.39M, with a range of $6.78M to $8.01M. MMYT's average Quarter net income forecast represents a 30.52% 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 | Jul 22 | Mar 22 | Dec 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | 8 | 20 | 16 | 9 | 16 | 11 | 19 | 13 | 7 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.93M | $61.68M | $58.21M | - | $42.35M | $52.62M | $40.51M | $34.37M | $27.65M | $25.86M | $76.65M | $72.62M | $85.68M | $93.40M |
| Avg Forecast | $178.95M | $194.76M | $153.26M | $174.52M | $147.30M | $159.99M | $126.62M | $143.61M | $124.36M | $132.37M | $110.31M | $123.09M | $71.84M | $108.79M | $97.35M | $93.13M | $76.83M | $86.42M | $35.03M | $81.30M | $82.17M | $46.10M | $63.81M | $56.99M | $17.05M | $5.17M | $67.81M | $54.46M | $39.88M | $125.24M |
| High Forecast | $190.36M | $207.18M | $163.03M | $185.65M | $156.69M | $170.19M | $134.70M | $152.77M | $132.29M | $140.81M | $117.34M | $130.94M | $86.20M | $109.92M | $119.60M | $99.07M | $92.20M | $91.93M | $42.03M | $81.30M | $98.61M | $55.32M | $76.57M | $68.39M | $20.46M | $6.21M | $81.37M | $65.36M | $47.85M | $150.28M |
| Low Forecast | $167.53M | $182.33M | $143.48M | $163.39M | $137.90M | $149.78M | $118.54M | $134.45M | $116.42M | $123.92M | $103.27M | $115.24M | $57.47M | $107.66M | $77.87M | $87.19M | $61.47M | $80.90M | $28.02M | $81.30M | $65.74M | $36.88M | $51.05M | $45.59M | $13.64M | $4.14M | $54.25M | $43.57M | $31.90M | $100.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | 0.71% | 1.66% | - | 0.52% | 1.14% | 0.63% | 0.60% | 1.62% | 5.00% | 1.13% | 1.33% | 2.15% | 0.75% |
MakeMyTrip's average Quarter SG&A projection for Jun 23 is $93.13M, based on 1 Wall Street analysts, with a range of $87.19M to $99.07M. The forecast indicates a 63.60% 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 | Jul 22 | Mar 22 | Dec 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 3 | 1 | 1 | 1 | 1 | - | 8 | 20 | 16 | 9 | 16 | 11 | 19 | 13 | 7 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.05 | - | $-0.06 | - | $-0.04 | $-0.08 | $0.03 | $-0.03 | $-0.20 | $-0.32 | $-0.28 | $-0.35 | $-0.41 | $-0.39 |
| Avg Forecast | $0.51 | $0.56 | $0.39 | $0.46 | $0.36 | $0.41 | $0.27 | $0.32 | $0.26 | $0.32 | $0.20 | $0.24 | $0.15 | $0.15 | $0.06 | $0.07 | $-0.01 | $-0.07 | $-0.08 | $-0.06 | $1.43 | $1.89 | $-0.19 | $-0.32 | $-0.42 | $-0.68 | $-0.23 | $-0.21 | $-0.12 | $-0.59 |
| High Forecast | $0.55 | $0.61 | $0.42 | $0.49 | $0.40 | $0.44 | $0.29 | $0.35 | $0.28 | $0.35 | $0.29 | $0.26 | $0.16 | $0.17 | $0.14 | $0.07 | $-0.01 | $-0.06 | $-0.08 | $-0.06 | $1.43 | $1.90 | $-0.15 | $-0.25 | $-0.34 | $-0.54 | $-0.18 | $-0.17 | $-0.10 | $-0.47 |
| Low Forecast | $0.46 | $0.51 | $0.36 | $0.42 | $0.33 | $0.37 | $0.25 | $0.30 | $0.24 | $0.29 | $0.12 | $0.22 | $0.14 | $0.13 | $0.01 | $0.06 | $-0.01 | $-0.07 | $-0.09 | $-0.06 | $1.42 | $1.89 | $-0.23 | $-0.38 | $-0.50 | $-0.82 | $-0.28 | $-0.25 | $-0.15 | $-0.71 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.72% | -0.02% | 0.75% | - | -0.03% | -0.04% | -0.16% | 0.09% | 0.48% | 0.47% | 1.22% | 1.67% | 3.42% | 0.66% |
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 | $1.72 | $13.00 | 655.81% | Buy |
| YTRA | Yatra Online | $1.61 | $4.00 | 148.45% | Buy |
| TRIP | Tripadvisor | $13.51 | $27.64 | 104.59% | Buy |
| LIND | Lindblad Expeditions | $9.96 | $14.75 | 48.09% | Buy |
| TNL | Travel + Leisure | $42.43 | $60.40 | 42.35% | Buy |
| ISPO | Inspirato | $4.38 | $5.00 | 14.16% | Buy |
| DESP | Despegar | $12.43 | $13.63 | 9.65% | Buy |
| MMYT | MakeMyTrip | $102.79 | $76.67 | -25.41% | 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 $76.67 with a range of $42 to $100, implying a -25.41% from its last price of $102.79. 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 down by -25.41% (from the last price of $102.79 to the average price target of $76.67), down by -2.71% based on the highest stock price target, and down by -59.14% based on the lowest stock price target.
Can MakeMyTrip stock reach $200?
MMYT's average twelve months analyst stock price target of $76.67 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 $1.14B (high $1.21B, low $1.06B), average EBITDA is $-27.748M (high $-25.977M, low $-29.517M), average net income is $155.45M (high $168.34M, low $142.56M), average SG&A $577.52M (high $614.35M, low $540.67M), and average EPS is $1.37 (high $1.48, low $1.26). MMYT's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $1.38B (high $1.47B, low $1.29B), average EBITDA is $-33.704M (high $-31.553M, low $-35.853M), average net income is $217.03M (high $235.02M, low $199.03M), average SG&A $701.49M (high $746.22M, low $656.72M), and average EPS is $1.91 (high $2.07, low $1.75).
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, missing the average prediction of $-31.724M by -295.38%. The company's net income was $-11.168M, missing the average estimation of $-47.185M by -76.33%. Apple's SG&A was $233.57M, missing the average forecast of $279.58M by -16.46%. 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%