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MakeMyTrip (MMYT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MMYT Stock Forecast

MakeMyTrip (MMYT) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $115.50, with a high of $119.00 and a low of $112.00. This represents a 11.81% increase from the last price of $103.30.

$45 $60 $75 $90 $105 $120 High: $119 Avg: $115.5 Low: $112 Last Closed Price: $103.3

MMYT Stock Rating

MakeMyTrip stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (63.64%), 4 Hold (36.36%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 4 7 Strong Sell Sell Hold Buy Strong Buy

MMYT Price Target Upside V Benchmarks

TypeNameUpside
StockMakeMyTrip11.81%
SectorConsumer Cyclical Stocks 29.57%
IndustryTravel Services Stocks 27.34%
IdeaTravel Stocks List36.73%
IdeaOnline Travel Agency Stocks 16.89%

Price Target Trends

1M3M12M
# Anlaysts--4
Avg Price Target--$104.75
Last Closing Price$103.30$103.30$103.30
Upside/Downside--1.40%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25441--9
Mar, 25441--9
Feb, 25441--9
Jan, 25441--9
Dec, 24441--9
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Sachin SalgaonkarBank of America Securities$119.00$101.3117.46%15.20%
Oct 23, 2024Manish AdukiaGoldman Sachs$112.00$99.1512.96%8.42%
Jul 24, 2024Sachin SalgaonkarBank of America Securities$100.00$96.913.19%-3.19%
May 15, 2024Manish AdukiaGoldman Sachs$88.00$85.373.08%-14.81%
Aug 30, 2022Aditya SureshMacquarie$42.00$33.0327.16%-59.34%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024Morgan StanleyOverweightOverweighthold
Oct 23, 2024Goldman SachsBuyBuyhold
Jul 24, 2024CitigroupBuyBuyhold
May 15, 2024CitigroupBuyBuyhold
May 15, 2024Goldman SachsBuyBuyhold
Apr 02, 2024CitigroupBuyBuyhold
Dec 08, 2022Morgan StanleyOverweightupgrade
Aug 30, 2022MacquarieOutperforminitialise
Aug 30, 2022Bank of America SecuritiesBuyupgrade

Financial Forecast

EPS Forecast

Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$-0.52$-0.42$-0.10$1.95-----
Avg Forecast$-0.64$-0.51$-0.17$0.56$0.86$1.47$2.13--
High Forecast$-0.62$-0.49$-0.16$0.57$0.87$1.59$2.16--
Low Forecast$-0.66$-0.52$-0.17$0.54$0.85$1.35$2.06--
Surprise %-18.75%-17.65%-41.18%248.21%-----

Revenue Forecast

$0 $400M $800M $1B $2B $2B Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$163.44M$303.92M$593.04M$782.52M-----
Avg Forecast$163.39M$347.99M$660.37M$797.88M$991.40M$1.20B$1.45B$1.68B$1.95B
High Forecast$165.99M$353.53M$669.19M$821.46M$1.00B$1.22B$1.47B$1.70B$1.98B
Low Forecast$159.64M$340.01M$645.65M$774.29M$969.30M$1.17B$1.42B$1.64B$1.91B
Surprise %0.03%-12.66%-10.20%-1.92%-----

Net Income Forecast

$-150M $-60M $30M $120M $210M $300M Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$-56.04M$-45.57M$-11.17M$216.80M-----
Avg Forecast$-76.10M$-60.20M$-19.62M$-84.71M$101.82M$174.00M$251.34M--
High Forecast$-73.83M$-58.40M$-19.06M$-67.77M$102.45M$188.18M$255.70M--
Low Forecast$-77.67M$-61.44M$-19.97M$-101.65M$100.55M$159.04M$244.05M--
Surprise %-26.35%-24.30%-43.09%-355.94%-----

MMYT Forecast FAQ

Is MakeMyTrip stock a buy?

MakeMyTrip stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 4 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that MakeMyTrip is a favorable investment for most analysts.

What is MakeMyTrip's price target?

MakeMyTrip's price target, set by 11 Wall Street analysts, averages $115.5 over the next 12 months. The price target range spans from $112 at the low end to $119 at the high end, suggesting a potential 11.81% change from the previous closing price of $103.3.

How does MakeMyTrip stock forecast compare to its benchmarks?

MakeMyTrip's stock forecast shows a 11.81% upside, underperforming the average forecast for the consumer cyclical stocks sector (29.57%) and underperforming the travel services stocks industry (27.34%), trailing the Travel Stocks List (36.73%) and Online Travel Agency Stocks (16.89%) investment ideas.

What is the breakdown of analyst ratings for MakeMyTrip over the past three months?

  • April 2025: 44.44% Strong Buy, 44.44% Buy, 11.11% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 44.44% Strong Buy, 44.44% Buy, 11.11% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 44.44% Strong Buy, 44.44% Buy, 11.11% Hold, 0% Sell, 0% Strong Sell.

What is MakeMyTrip’s EPS forecast?

MakeMyTrip's average annual EPS forecast for its fiscal year ending in March 2025 is $0.86, marking a -55.90% decrease from the reported $1.95 in 2024. Estimates for the following years are $1.47 in 2026, $2.13 in 2027, $0 in 2028, and $0 in 2029.

What is MakeMyTrip’s revenue forecast?

MakeMyTrip's average annual revenue forecast for its fiscal year ending in March 2025 is $991.4M, reflecting a 26.69% increase from the reported $782.52M in 2024. The forecast for 2026 is $1.2B, followed by $1.45B for 2027, $1.68B for 2028, and $1.95B for 2029.

What is MakeMyTrip’s net income forecast?

MakeMyTrip's net income forecast for the fiscal year ending in March 2025 stands at $101.82M, representing a -53.04% decrease from the reported $216.8M in 2024. Projections indicate $174M in 2026, $251.34M in 2027, $0 in 2028, and $0 in 2029.