Should I buy or sell MakeMyTrip stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MMYT shares. View MMYT analyst ratings or view top-rated stocks .

What is MakeMyTrip's stock price target for 2024?

2 brokerages have issued 1-year price objectives for MakeMyTrip's shares. Their MMYT share price targets range from $45.00 to $60.00. On average, they expect the company's share price to reach $52.50 in the next year. This suggests that the stock has a possible downside of 19.1%. View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts .

How have MMYT shares performed in 2024?

MakeMyTrip's stock was trading at $46.98 at the beginning of 2024. Since then, MMYT shares have increased by 38.1% and is now trading at $64.88. View the best growth stocks for 2024 here .

When is MakeMyTrip's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024. View our MMYT earnings forecast .

How were MakeMyTrip's earnings last quarter?

MakeMyTrip Limited (NASDAQ:MMYT) released its quarterly earnings data on Tuesday, January, 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The technology company earned $214.22 million during the quarter, compared to analysts' expectations of $210.01 million. MakeMyTrip had a net margin of 6.93% and a trailing twelve-month return on equity of 10.13%.

What ETFs hold MakeMyTrip's stock?

ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ) , Amplify Travel Tech ETF (AWAY) , Invesco Leisure and Entertainment ETF (PEJ) , First Trust BICK Index Fund (BICK) , OneAscent Emerging Markets ETF (OAEM) , Clough Select Equity ETF (CBSE) , Clough Long/Short Equity ETF (CBLS) and VanEck Digital India ETF (DGIN) .

What is Deep Kalra and Rajesh Magow's approval rating as MakeMyTrip's CEO?

144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com . Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MakeMyTrip own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA) , Okta (OKTA) , Alibaba Group (BABA) , Baidu (BIDU) , Baozun (BZUN) , JD.com (JD) , Shopify (SHOP) , Trade Desk (TTD) , MongoDB (MDB) and Netflix (NFLX) .

Who are MakeMyTrip's major shareholders?

MakeMyTrip's stock is owned by a variety of retail and institutional investors. Top institutional investors include Harbour Capital Advisors LLC (0.02%), Banque Cantonale Vaudoise (0.02%), Perpetual Ltd (0.01%) and Confluence Investment Management LLC (0.01%).

How do I buy shares of MakeMyTrip?

Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does MakeMyTrip have any subsidiaries?

The following companies are subsidiares of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited. Read More

NASDAQ:MMYT

MakeMyTrip (MMYT) Stock Price, News & Analysis

→ Biden to Launch “FedNOW” [Move Your Money Now] (From Priority Gold) (Ad)

Free MMYT Stock Alerts

$64.88

-1.16 (-1.76%)

(As of 02:34 PM ET)

Compare

Today's Range: $63.20
▼
$65.64
50-Day Range: $56.26
▼
$75.97
52-Week Range: $22.50
▼
$77.30

Volume: 862,105 shs
Average Volume: 773,577 shs
Market Capitalization: $6.89 billion

P/E Ratio: 141.04
Dividend Yield: N/A
Price Target: $52.50

Get MakeMyTrip alerts:

MakeMyTrip MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 19.1% Downside
$52.50 Price Target
Short Interest: Bearish
3.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 39.29%
From $0.84 to $1.17 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.01 out of 5 stars

Computer And Technology Sector

531st out of 589 stocks

Transportation Services Industry

12th out of 14 stocks

1.3

Analyst's Opinion

Consensus Rating
MakeMyTrip has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
MakeMyTrip has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.84% of the outstanding shares of MakeMyTrip have been sold short.
Short Interest Ratio / Days to Cover
MakeMyTrip has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in MakeMyTrip has recently increased by 6.53%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
MakeMyTrip does not currently pay a dividend.
Dividend Growth
MakeMyTrip does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MMYT.

2.4

News and Social Media Coverage

News Sentiment
MakeMyTrip has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for MakeMyTrip this week, compared to 3 articles on an average week.
Search Interest
8 people have searched for MMYT on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MakeMyTrip insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.30% of the stock of MakeMyTrip is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
51.89% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for MakeMyTrip are expected to grow by 39.29% in the coming year, from $0.84 to $1.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MakeMyTrip is 141.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of MakeMyTrip is 141.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 235.36.
Price to Book Value per Share Ratio
MakeMyTrip has a P/B Ratio of 7.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Wall Street Star

This Apple-like Innovator is Revolutionizing Healthcare

AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.

Click here to learn more about the booming eHealth industry

About MakeMyTrip Stock (NASDAQ:MMYT)

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels and packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents network, as well as mobile service platform. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

MMYT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MMYT Stock News Headlines

April 11, 2024 | skift.com

MakeMyTrip Introduces Exclusive Mumbai-Bhutan Charter Services – India Report

April 10, 2024 | investorplace.com

7 Must-Buy Growth Stocks That are Blue-Chips in the Making

April 16, 2024 | Crypto Swap Profits (Ad)

Claim Your Complimentary Bitcoin Reward

Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.

April 10, 2024 | finance.yahoo.com

MakeMyTrip (NASDAQ:MMYT) Is Experiencing Growth In Returns On Capital

April 9, 2024 | investorplace.com

Short-Selling Bonanza: 3 Overhyped Tech Stocks to Bet Against

April 7, 2024 | americanbankingnews.com

MakeMyTrip (NASDAQ:MMYT) Stock Price Up 4.7%

April 4, 2024 | msn.com

Delhi HC Dismisses PIL Against These Travel Companies Amid Data Security Concerns Raised By Users

March 24, 2024 | msn.com

'Boycott this Chinese app and cancel all the bookings': MakeMyTrip faces boycott calls on social media, sparks uninstall threats

April 16, 2024 | Crypto Swap Profits (Ad)

Claim Your Complimentary Bitcoin Reward

March 20, 2024 | msn.com

MeraDoc, MakeMyTrip Partner To Offer Real-Time Medical Services Across India

March 18, 2024 | investorplace.com

Beware the Magazine Cover Jinx: 7 Stocks to Sell Before It Strikes Again

March 16, 2024 | finance.yahoo.com

MMYT Apr 2024 50.000 call

March 14, 2024 | finance.yahoo.com

The 5.0% return this week takes MakeMyTrip's (NASDAQ:MMYT) shareholders one-year gains to 157%

March 13, 2024 | msn.com

Chart of the Day: MakeMyTrip To Asia

March 8, 2024 | msn.com

Use of keyword ‘MakeMyTrip’ in Google ads no deception: Supreme Court

March 7, 2024 | msn.com

Supreme Court Dismisses MakeMyTrip's Plea Against Delhi HC Order In Google's Favour In Ads Case

March 3, 2024 | investing.com

MakeMyTrip Limited (MMYT)

February 24, 2024 | msn.com

MakeMyTrip (MMYT) Price Target Increased by 9.12% to 57.46

February 22, 2024 | msn.com

Macquarie Downgrades MakeMyTrip (MMYT)

February 22, 2024 | msn.com

In A First For A State Govt And Private Travel Firm, Goa Partners With MakeMyTrip to Boost Tourism

February 22, 2024 | msn.com

MakeMyTrip partners with Goa government: All the details

February 22, 2024 | msn.com

Goa govt, MakeMyTrip ink pact to promote state's culture, culinary, sustainable tourism

February 21, 2024 | msn.com

Macquarie downgrades 'top pick' MakeMyTrip to Neutral, shares down premarket

February 20, 2024 | wsj.com

MakeMyTrip Ltd.

February 18, 2024 | finance.yahoo.com

MMYT Nov 2024 85.000 call

February 18, 2024 | finance.yahoo.com

MMYT Aug 2024 75.000 call

February 16, 2024 | finance.yahoo.com

MMYT Mar 2024 60.000 put

See More Headlines

Receive MMYT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MakeMyTrip and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 1/23/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/21/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Transportation services
Sub-Industry: N/A
Current Symbol: NASDAQ:MMYT
CUSIP: N/A
CIK: 1495153
Web: www.makemytrip.com
Phone: 911244395000
Fax: N/A
Employees: 4,090
Year Founded: 2000

Price Target and Rating

Average Stock Price Target: $52.50
High Stock Price Target: $60.00
Low Stock Price Target: $45.00
Potential Upside/Downside: -19.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.46
Trailing P/E Ratio: 141.04
Forward P/E Ratio: 77.24
P/E Growth: N/A
Net Income: $-11,320,000.00
Net Margins: 6.93%
Pretax Margin: 6.91%
Return on Equity: 10.13%
Return on Assets: 6.37%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.53
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $593.04 million
Price / Sales: 11.61
Cash Flow: $0.40 per share
Price / Cash Flow: 162.16
Book Value: $8.25 per share
Price / Book: 7.86

Miscellaneous

Outstanding Shares: 106,130,000
Free Float: 95,199,000
Market Cap: $6.89 billion
Optionable: Optionable
Beta: 1.23

Social Links

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

Mr. Rajesh Magow (Age 55)
Co-Founder, Group CEO & Director
Mr. Deep Kalra (Age 55)
Founder, Group Chairman & Chief Mentor
Mr. Mohit Kabra (Age 53)
Group Chief Financial Officer
Mr. Sanjay Mohan (Age 59)
Group Chief Technology Officer
Mr. Ravi Prakash Tyagi
Vice President of Administration
Mr. Vipul Garg
Vice President of Investor Relations
Mr. Raj Rishi Singh
Chief Marketing Officer & Chief Business Officer of Corporate
Mr. Yuvaraj Srivastava (Age 53)
Group Chief Human Resource Officer
Mr. Saujanya Shrivastava (Age 50)
Chief Business Officer and COO of Flights, Holidays & Gulf Cooperation Council (GCC)
Mr. Parikshit Choudhury
Chief Business Officer of Alternate Accommodation & Customer Contact Group

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MMYT Stock Analysis - Frequently Asked Questions

Should I buy or sell MakeMyTrip stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MakeMyTrip in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MMYT shares.
View MMYT analyst ratings or view top-rated stocks.
What is MakeMyTrip's stock price target for 2024?: 2 brokerages have issued 1-year price objectives for MakeMyTrip's shares. Their MMYT share price targets range from $45.00 to $60.00. On average, they expect the company's share price to reach $52.50 in the next year. This suggests that the stock has a possible downside of 19.1%.
View analysts price targets for MMYT or view top-rated stocks among Wall Street analysts.
How have MMYT shares performed in 2024?: MakeMyTrip's stock was trading at $46.98 at the beginning of 2024. Since then, MMYT shares have increased by 38.1% and is now trading at $64.88.
View the best growth stocks for 2024 here.
When is MakeMyTrip's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our MMYT earnings forecast.
How were MakeMyTrip's earnings last quarter?: MakeMyTrip Limited (NASDAQ:MMYT) released its quarterly earnings data on Tuesday, January, 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The technology company earned $214.22 million during the quarter, compared to analysts' expectations of $210.01 million. MakeMyTrip had a net margin of 6.93% and a trailing twelve-month return on equity of 10.13%.
What ETFs hold MakeMyTrip's stock?: ETFs with the largest weight of MakeMyTrip (NASDAQ:MMYT) stock in their portfolio include India Internet & Ecommerce ETF (INQQ), Amplify Travel Tech ETF (AWAY), Invesco Leisure and Entertainment ETF (PEJ), First Trust BICK Index Fund (BICK), OneAscent Emerging Markets ETF (OAEM), Clough Select Equity ETF (CBSE), Clough Long/Short Equity ETF (CBLS) and VanEck Digital India ETF (DGIN).

What is Deep Kalra and Rajesh Magow's approval rating as MakeMyTrip's CEO?: 144 employees have rated MakeMyTrip Chief Executive Officer Deep Kalra and Rajesh Magow on Glassdoor.com. Deep Kalra and Rajesh Magow has an approval rating of 96% among the company's employees. This puts Deep Kalra and Rajesh Magow in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of MakeMyTrip own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MakeMyTrip investors own include NVIDIA (NVDA), Okta (OKTA), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), JD.com (JD), Shopify (SHOP), Trade Desk (TTD), MongoDB (MDB) and Netflix (NFLX).
Who are MakeMyTrip's major shareholders?: MakeMyTrip's stock is owned by a variety of retail and institutional investors. Top institutional investors include Harbour Capital Advisors LLC (0.02%), Banque Cantonale Vaudoise (0.02%), Perpetual Ltd (0.01%) and Confluence Investment Management LLC (0.01%).
How do I buy shares of MakeMyTrip?: Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does MakeMyTrip have any subsidiaries?: The following companies are subsidiares of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.
Read More

This page (NASDAQ:MMYT) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

MakeMyTrip (MMYT) Stock Price, News & Analysis

MakeMyTrip MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MakeMyTrip Stock (NASDAQ:MMYT)

MMYT Stock Price History

MMYT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MMYT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™